DALLAS — After a successful weekend conversion, Southwest Corporate Federal Credit Union welcomed more than 200 new members this morning as the merger with Northwest Corporate Federal Credit Union became effective.
Months of planning and testing led to a smooth transition, according to John Cassidy, CEO of Southwest Corporate.
"We welcome our newest members and are honored that Northwest credit unions have chosen to become a part of this growing and dynamic organization," Cassidy said.
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In a letter to the former Northwest Corporate members, Cassidy wrote: "Southwest Corporate has served its members for 32 years. Although we are extremely proud of our tradition, we are most excited about what is to come. The future is indeed bright as Southwest Corporate will remain forward thinking and responsive to credit union needs."
The merger, which was announced earlier this year, will provide new and existing members of Southwest Corporate with an array of products designed to help credit unions grow and better serve their members.
Southwest Corporate will continue to operate a Northwest Regional office in Portland to provide high-touch service to members in Oregon, Washington, Idaho and Alaska. Now at $14 billion in assets, Southwest Corporate serves credit unions in 43 states.
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