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
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
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.
For information on lending at Southwest Corporate, click here.
To download a loan application, click here.
To see a list of Frequently Asked Questions about Southwest Corporate lending, click here.
To see a list of Frequently Asked Questions about Southwest Corporate's loan participations, click here.
For more information about Southwest Corporate's lending services, email lending@swcorp.org or call 800.442.5763.
