X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS- Southwest Corporate Federal Credit Union’s assets eclipsed $9 billion in February, setting a record high for the corporate. It reached $9.3 billion at the end of February. Just two months earlier, at the end of 2002, assets were at $7.1 billion. “We know that with the current low loan demand, it is more challenging for many credit unions to manage their balance sheets. We are pleased so many credit unions are turning to Southwest Corporate to help meet their needs,” said Francis Lee, CEO of Southwest Corporate FCU. To help CUs in this historically low rate environment, Southwest Corporate offered a record 46 investment “specials” during 2002. Those share certificates were specifically designed to bring higher rates of return than comparable agency investment opportunities. It has already created nine of these specials so far in 2003.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.