SAN DIMAS, Calif. – The historic low-rate environment certainly hasn’t hurt WesCorp’s certificate sales. The $20 billion corporate closed 2002 with a new record level of share certificates outstanding at over $10 billion, surpassing last year’s balances by more than $3 billion. WesCorp holds all expanded investment authorities granted under NCUA Regulation, Part 704, which it says empowers it to invest in ways that can produce additional yields. WesCorp says its certificates consistently pay 15-30 basis points more than agency yields. “We can reverse engineer almost any type of security currently available to a credit union, while at the same time, provide a significant pick-up in yield. The $10 plus billion invested in certificates through WesCorp represents almost half of all term investments held at corporate credit unions and is a strong affirmation of our investment capabilities and of our non-stop efforts to produce results that stand out in this difficult low-rate environment,” said Bob Burrell, Senior Vice President and Chief Investment Officer at WesCorp.

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