PLANO, Texas — Southwest Corporate Federal Credit Union hit a new record asset level of $13 billion in March.
The corporate cited its special share certificate program for part of its success. During the first quarter, it created more than three dozen share certificates attracting $614 million in new investments. “Credit unions that watch our offering history can see that we consistently pay 10-25 basis points more than comparable agencies,” said Cynthia Shi, director of Southwest Corporate's Funds Department.
Three certificates drew $60 million in early March. Another customized special certificate, created in mid-March, attracted $105 million from 60 credit unions. In 2006, Southwest created 110 specially structured certificates that brought in more than $1 billion, helping its share certificate portfolio reach $5 billion.
Southwest Corporate alerts credit unions when new structures are available–called the Special Certificate Notification List. For more information, e-mail [email protected] or call a certificate specialist at (800) 442-5763, extension 7853.
Southwest, serving nearly 1,300 credit unions in 41 states, recently announced plans to acquire $1 billion Northwest Corporate in Oregon.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.