Southwest Corp

• WesCorp Losses Far Outpace Other Corporates

  By Heather Anderson  |  May 20, 2013

  According to legacy asset loss estimates provided to Credit Union Times by the NCUA, investments made by Western Corporate FCU are generating far more losses than those that were made at other failed corporates.

• Pay to Play: Comparing Capitalization Requirements

  By Robert McGarvey  |  June 6, 2011

  Editor's Note: This is a corrected version of the article that was published in the June 8, 2011, edition of Credit Union Times.

• Pay to Play: Comparing Capitalization Requirements

  By Robert McGarvey  |  June 5, 2011

  Editor's Note: This is a corrected version of the article that was published in the June 8, 2011, edition of Credit Union Times.

• Legacy Assets Proved Historic Shock to the System

  By Jim Rubenstein  |  December 22, 2010

  It was a shock and it was unprecedented. The NCUA hammer brought down on the legacy assets held by the corporate system during 2010 caused it to reel as never before.

• Industry Leaders Study Service Alternatives Following Corporate Shakeup

  By Jim Rubenstein  |  October 27, 2010

  The quandary of just how credit unions grapple with the new corporate structure and ensure service access from providers occupied the highest levels of industry leadership this week.

• Ensweiler Appeals Anew for Corporate Calm

  By Jim Rubenstein  |  October 8, 2010

  The head of the Texas Credit Union League renewed his appeal today for industry calm and caution in dealing with the corporate restructuring, suggesting CUs "keep their powder dry" before acting hastily on changing providers.

• Corporate Webinars Hit on Caution, Unity

  By Jim Rubenstein  |  October 4, 2010

  The industry dilemma had both a Texas and Midwest spotlight last week with separate webinars featuring calls for caution and unity during the "transition."

• Volunteers At Southwest

  By Heather Anderson  |  June 2, 2010

  The $10 billion Southwest Corporate FCU announced a new board member and three new supervisory committee members in a May 20 release.

• Auditor Doubts SW Corp's 'Ability to Continue'

  By Heather Anderson  |  May 6, 2010

  Accounting firm Crowe Horwath put an asterisk on its audit approval of Southwest Corporate FCU's 2009 annual report, and it wasn't the usual exception that member capital shares should be reported as liabilities instead of equity.

• Even After Detox, Will CUs Trust Corporates?

  By Heather Anderson  |  April 21, 2010

  Even though the NCUA is closer to finalizing its plan to separate $50 billion worth of toxic assets from corporate balance