FINANCIAL REPORTS AND RATINGS
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Annual Reports
Audited Financials 2009
Audited Financials 2008
Annual Report 2007
Annual Report 2006
Monthly Financial Reports
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009 - Restated
July 2009 - Restated
June 2009 - Restated
Archive
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Upcoming Financial Review Webinars
Thursday, August 5, 2010 at 3:00 p.m. CT - (Register)
Thursday, September 2, 2010 at 3:00 p.m. CT - (Register)
Thursday, October 7, 2010 at 3:00 p.m. CT - (Register)
Thursday, November 4, 2010 at 3:00 p.m. CT - (Register)
Thursday, December 2, 2010 at 3:00 p.m. CT - (Register)
Proposed Reg 704 Info
Southwest Corporate's Reg 704 Comment Letter - (Read it)
Southwest Corporate's Reg 704 Executive Summary - (Read it)
Review of Proposed NCUA Regulation 704 - Recorded Wednesday, January 13, 2010 at 3:00 p.m. CT (Login below to view webinar recording)
Archived Financial Review & Reg 704 webinars and Operating Insights
For the password to review archived Financial Review Webinars and Operating Insights, please email Member Services and include your name, your credit union name, and your Southwest Corporate member number.
Attention: If you have access issues, please clear your browser history and try again. Or contact Member Services to be sure you have the correct password.
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Share Guarantee
All shares and share certificates at Southwest Corporate Federal Credit Union are 100% guaranteed through September 30, 2012 under the terms of the Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP). On April 21, 2009, the NCUA Board modified the terms of the TCCUSGP to extend the 100% guarantee program to a 2-year rolling expiration date with quarterly extension options through December 2012. Dividends that have been accrued and posted are treated as principal and are covered under the TCCUSGP. Dividends that have been accrued but have not been posted are not guaranteed under the TCCUSGP.
NCUA Capital Waiver
On April 29, 2010, the NCUA Board extended the April 2009 waiver permitting corporate credit unions to continue using their November 30, 2008 capital levels to determine regulatory compliance with capital-based requirements and limitations in the corporate rule. The waiver will terminate one year after final amendments to Part 704 are published in the Federal Register. The waiver is in place to ensure uninterrupted service to natural person credit unions. The one-year extension period after Part 704 is final gives corporate credit unions a chance to implement new capital standards and address the resolution of legacy assets.
Agency Ratings
As part of ongoing efforts to reduce operating expenses, Southwest Corporate has suspended its debit issuance rating relationship with Standard & Poor's.
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