Overview | Credit Products | FAQs | Loan Rates | Loan Application | Contact Us
CREDIT PRODUCTS
Southwest Corporate Federal Credit Union offers its members the following credit products:
Open-End Settlement Lines of Credit (Standard and Performance)
- Meets day-to-day funding needs
- Automatic advance to cover overnight settlements with no additional fee or interest rate increase
- Daily floating interest rate
- See pricing
Open-End (Non-Settlement) Line of Credit (Advantage)
- Most cost effective line of credit option
- Advances are obtained using TranZact
- See pricing
Note: Members that do not participate in the Membership Capital Account (MCA) or have given notice to withdraw the MCA are not eligible for the Open-End (Non-Settlement) Advantage Line of Credit.
Guaranteed Line of Credit
- Meets day-to-day funding needs
- Automatic advance to cover overnight settlements with no additional fee or interest rate increase
- Guarantees availability of funds
- Daily floating interest rate
- See pricing
Term Loan
- Short, intermediate and long term funding
- Fixed or adjustable interest rate and fixed maturity date
- Amortized or "bullet" principal payment, monthly interest payment
- Customizable term and structures to meet member's individual needs
- See pricing
Loan Participations
- Liquidity funding or asset/liability management
- Sell up to 90% of auto loan or first mortgage loan pools
- More details about Loan Participations
- See pricing
CLF Loan
- Southwest Corporate can act as your credit union's agent to the NCUA Central Liquidity Facility, for more information - click here
Certificate Funding Program
- Designed for small or new credit unions
Letters of Credit
- Documentary evidence to third parties that Southwest Corporate guarantees an agreed upon amount
Note: All lines of credit and term loans are secured by specific collateral or general pledge of assets unless otherwise noted.
Contact Southwest Corporate's Loan Department at lending@swcorp.org or 800.442.5763, option 6 for more information.
