FINANCIAL REPORTS AND RATINGS
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Annual Reports
Audited Financials for December 2008
Annual Report 2007
Annual Report 2006
Monthly Financial Reports
December 2009
November 2009
October 2009
September 2009
August 2009 - Restated
July 2009 - Restated
June 2009 - Restated
May 2009 - Restated
April 2009 - Restated
March 2009 - Restated
February 2009 - Restated
January 2009 - Restated
Archive
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Upcoming Financial Review Webinars
Thursday, March 4, 2010 at 3:00 p.m. CT - (Register)
Thursday, April 8, 2010 at 3:00 p.m. CT - (Register)
Proposed Reg 704 Webinar
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 December 31, 2010. In addition, on April 21, 2009, the NCUA Board modified the terms of the Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) to extend the 100% guarantee program to a 2-year rolling expiration date with quarterly extension options through December 2012. The NCUA Board approved an initial extension to September 30, 2011. The NCUA also approved an extension of the expiration date of the TCCUSGP from December 31, 2011 to March 31, 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.
Agency Ratings
Southwest Corporate Federal Credit Union obtained a Counterparty Credit Rating addressing its creditworthiness as a counterparty in interest rate swaps and other senior obligations. Southwest Corporate receives a rating for its ability to meet counterparty credit. A summary of the agency rating follows:
Counterparty Credit Ratings
Standard & Poor's: BBB-
Note 1: Standard and Poor's downgraded Southwest Corporate's ratings on April 6, 2009 and kept them on CreditWatch negative. Read the Release
Note 2: As part of our ongoing efforts to reduce operating expenses along with the lack of planned commercial paper issuance, Southwest Corporate has suspended our relationship with Fitch.
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