|
|
|||||
|
CASH CONCENTRATION PROGRAM Southwest Corporate's cash concentration program is ideal for small to medium sized credit unions that economically cannot deposit to a Federal Reserve Bank. The cash concentration system uses a touch-tone telephone and a toll-free number to transfer funds from a credit union's depository bank to its Southwest Corporate account for next day credit. This system "concentrates" more of the credit union's funds into one interest-bearing account. Many credit unions that deposit to a local bank use cash concentration to move money into their account at Southwest Corporate. It's really simple to use. And because of its lower cost, cash concentration is used to move sums of money that are too large to mail in the form of a check, yet too small to justify sending by wire. Setting up cash concentration with Southwest Corporate is a very simple process; all it takes is an identification code and a touch-tone phone. To put this service to work for your credit union, contact an Account Executive at 800.442.5763. |
|
Back to Top Southwest Corporate Federal Credit Union is federally insured by the National Credit Union Administration, a US Government Agency. © 2008 Southwest Corporate Federal Credit Union. All rights reserved. | Terms and Conditions | Webmaster 214.703.7500 | 800.442.5763 | fax 214.703.7906 | Contact Us |