PLANO, Texas – Southwest Corporate Federal Credit Union has topped $10 billion in assets, a new record. The record was spurred in part by the success of its certificate specials. In the first quarter alone the corporate offered special certificates that attracted $286 million. Last year, it structured more than 100 special certificates, attracting nearly $900 million. Southwest serves 1,200 credit unions. It is poised to get a lot bigger with its recent announcement of a merger with $4 billion Southeast Corporate. Southeast Corporate CEO Bill Birdwell will be named CEO of the newly-merged corporate if the deal goes through.
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