EasCorp News

Helicopter 'Ball Drop' Sold Out

We are pleased to announce that the Helicopter Ball Drop event for the benefit of the Credit Unions Kids at Heart Team is sold out. The drop is scheduled to take place at the CU Kids @ Heart Golf Tournament on Monday, September 19 at Tedesco Country Club. The lucky owner of the ball that lands closest to the pin will win $5,000, with the remaining $5,000 going to Boston Children's Hospital! Good luck and thank you to everyone who purchased a chance.

2016 ACH Rule Changes Unauthorized Entry Fees

With all the hype surrounding ‘same day’ ACH recently, another impactful ACH Rules change, which goes into effect on October 3, 2016, is getting less attention. Read the full story in this month's edition of Inside EasCorp.

The Q2 Report is Now Available

EasCorp's second quarter report is now available online. The report may be obtained within the Due Diligence section of www.eascorp.org by anyone having an EasCorp-authorized digital certificate.

Liquidity Planning - Testing Your Credit Lines

As summer approaches, now is a good time to exercise your credit lines to make sure that they are easily accessible in case they are needed. Performing a test under non-stressful conditions enables you to identify maintenance issues so that you are not delayed from borrowing in an emergency. Things to keep up to date include: reviewing the list of authorized representatives (against the lender's list), authentication credentials, and collateral requirements. Indeed, best practices include annual testing of credit lines as part of the credit union's liquidity policy.

By actually taking down a small advance, $1,000, for a short period, you can demonstrate readiness to borrow at a moment's notice.

If you would like to test your EasCorp Open-End Credit, please contact Andrea McManus at amcmanus@eascorp.org or 781-994-3325.

Market Commentary
Treasury Two-Year Notes Cheapest Since 2008 on Rising Fed Bets

Treasury two-year notes are the cheapest relative to 30-year bonds since the start of 2008 as hawkish comments from Federal Reserve officials spur speculation they will increase interest rates this year.

SimpliCD Rates
View Posted Rates
(updated by 10 am)

For additional information, contact the Investment Department at extension 3325.

EasCorp's Monthly Newsletter
August 2016

2016 ACH Rule Changes—Unauthorized Entry Fees

"Our mission is to support credit unions in ways that enable consumers to rely upon them for all their financial services needs."