| What is Southwest Corporate Investment Services' Brokerage Department? |
| It is a full-service brokerage created exclusively for credit unions. It is the first broker/dealer service for credit unions to be wholly owned by an individual corporate credit union. Southwest Corporate's Brokerage Division is part of Southwest Corporate Investment Services, a wholly owned subsidiary of Southwest Corporate Federal Credit Union.
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Why do business with Southwest Corporate Investment Services Senior Account Executives? |
| With Southwest Corporate's Senior Account Executives, credit union managers have the option of dealing with investment professionals who understand the diverse investment needs and the regulatory environment in which credit unions operate. Whether buying, selling or simply looking for expert financial advice, the licensed professionals at Southwest Corporate enable the credit union manager to make investment decisions with ease and confidence. |
What investment services do Southwest Corporate Senior Account Executives offer? |
Southwest Corporate's Senior Account Executives offer access to a wide variety of securities, such as:
- Treasuries
- Agencies
- Asset-backed Securities
- Money-market Investments
- Mortgage-backed Securities
- CMOs and REMICs
- Bankers Acceptances
In addition to the wide variety of investments available, Southwest Corporate's Investment Services' Brokerage Department also offers: Competitive Prices, Up-to-date Market Information, Regulatory Expertise and Analytical Reporting utilizing BondEdge and InTrader Reports. |
What if our credit union isn't presently buying securities? |
| Southwest Corporate's Senior Account Executives suggest that all credit unions interested in broker/dealer services go ahead and take the steps now to get Southwest Corporate on their approved broker list. By having an application processed in advance, your credit union will only be a phone call away when it's time to make a trade decision. |
Where are Southwest Corporate's Senior Account Executives licensed to do business? |
| Southwest Corporate's Senior Account Executives are licensed to do business with all credit unions in Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, North Carolina, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington. |
What's required to set up an account with Southwest Corporate Investment Services? |
| Setting up an account is a simple process and there's no obligation once it's completed. First, credit unions must approve Southwest Corporate's Senior Account Executives as designated broker/dealers. An executed Account Agreement must be filed, signed by the president or chief financial officer. The "authorized representatives" page must also be executed. It designates those approved to make investment decisions for the credit union. Once the account is set up, credit unions have the option of using Southwest Corporate Federal Credit Union as the safekeeping agent. |
What steps should credit union officials take before they buy? |
Know what you're buying...
- Find out the investment's features, e.g., maturity, calls, caps, potential liquidity and credit risk.
- Determine if there is any credit risk exposure.
- Check interest rate risk exposure. Have the broker run a stress test. Make sure the higher yield is sufficient compensation for the features and additional risk compared to a Treasury security.
- Talk to more than one broker to compare prices on equivalent investments.
- Call another broker if one fails to provide you with enough information to make an educated decision.
(Source: NCUA News) |
Are securities products acquired through the Brokerage Service of Southwest Corporate Investment Services insured? |
| Security products are not insured by FDIC. They are not guaranteed by the financial institution. They are subject to investment risks, including possible loss of the principal invested. |
