Treasure State Corporate Credit Union

	February 8, 2010


















Treasure State
Corporate Credit Union
1236 Helena Avenue
Helena, Montana
59601

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Treasure State
Corporate Credit Union
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Welcome to Treasure State Corporate Credit Union's Web Site.

Market Commentary for February 3, 2010

	Bonds, stocks, and commodities are mixed and attempting to find footing in early trading after two positive employment reports. Challenger, Gray & Christmas Inc. reported that planned firings fell 70.4% in January to 71,482 vs. 241,749 in January 2009. The ADP Employment Change index showed that private employment eliminated 22,000 jobs in January, slightly less than the forecasted -30,000 and down substantially from the prior -61,000. The decrease in jobs was the smallest in the last two years. Unfortunately, the overall level of unemployment still remains high, with Friday’s Unemployment Rate expected to remain at 10%. The economy has shed 7.2 million jobs since the start of the recession in December 2007. On a state-by-state basis, the number of states with an unemployment rate of 15% or higher now stands at 19, the highest to date. Treasury yields at 10:15 a.m. EST are as follows: 2-year note .87%; 5-year note 2.39%, 10-year note 3.68%, and the 30-year bond 4.60%.

NCUA RELEASES PROPOSED CHANGES TO CORPORATE REGULATIONS

	The proposed changes to Corporate regulations were released by the NCUA on November 19, 2009. We have begun to assess the impact of the changes and plans to seek input from members on its future direction. This is expected to start in December 2009 and extend into 2010. View Proposed Corporate regulations. Read full Article click here.


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Communications

In addition to this web site, TSCCU offers printed, timely information via its Weekly Rate Review, our monthly newsletter, Corporate Resource, and Network News, a publication of the Montana Credit Union Network

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