Southwest Corporate Federal Credit Union is making available to credit unions a white paper that examines how market spreads impact relative asset value. A PDF copy is available for download on Southwest Corporate's Web site, www.swcorp.org.

Steven Houle, senior adviser in Southwest Corp's advisory services group, authored the piece. It explores factors that impact asset spreads, evaluates current levels for core and non-core assets and concludes with an overall strategic recommendation.

"Over the last year, the shape of the Treasury curve has gone from relatively flat to positively sloping as short-term rates have declined significantly more than longer-term rates," Houle said in the paper.