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LOANS

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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) 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

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.

 
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Southwest Corporate Federal Credit Union is federally insured by the National Credit Union Administration, a US Government Agency.
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