Corporate Checking at Southwest Corporate puts more of your credit union's cash to work by allowing you to write checks drawn on your credit union's Southwest Corporate account, while still earning interest on the balance.

Corporate checking enables credit unions to squeeze more value out of an under-utilized resource - cash. At Southwest Corporate, balances earn a daily average interest rate so funds that ordinarily would be held in compensating balance accounts at other financial institutions now earn dividends.

Some of the benefits of Southwest Corporate's Corporate Checking program include:

• Balances earn a daily average interest rate
• Funds that ordinarily would be held in compensating balance accounts at other financial institutions now earn dividends daily
• Time, space, and money saved through the use of truncated check processing
• Explicit, fee-based pricing eliminates the guesswork of soft dollar, balanced-based or hidden dollar charges.
• Corporate Checking is Easy to Use

Every procedure concerning Corporate Checking is designed to be easy to conduct. For example, when ordering checks, Southwest Corporate provides a specification sheet that you present to the check vendor of your choice. Your credit union saves money and time by selecting a vendor that you know and trust.

Stopping payment on a check is simple and can be initiated with a phone call to Southwest Corporate's member service department or through TranZact.

Southwest Corporate checks are truncated. Therefore, it is sometimes necessary for a member credit union to obtain a photocopy of a given item. Photocopies of corporate checks may be obtained by calling the member service department or by submitting a request on TranZact. Original items may also be obtained from Southwest Corporate by calling member service.

The corporate also advocates and assists its members to learn the "checks in process" method of accounting. This makes reconciliation of your corporate statement an easy process. The benefits of this method of booking Corporate Checking activity are:

• Assets and liabilities are not inflated
• The daily balance reflects a true available balance
• The credit balance in the "checks in process" account equals the amount of outstanding checks
• Reconciliation is much easier

The activity statement is available on a monthly or weekly basis. Through TranZact or fax, a statement can also be made available on a daily basis. All information needed for reconciliation is found on the statements. For example:

• The monthly statement lists checks cleared both in numerical order and by date.
• Reconciliation of this portion of the statement would be identical to any commercial check reconciliation.
• By going over the details of checks cleared and creating an outstanding check listing, it is easy to reconcile the ledger balance for the "checks in process" account.

Reconciling your Corporate Checking account is a snap at Southwest Corporate. We can provide a listing through TranZact or electronic transmission to be used in conjunction with your credit union's data-processing system's automated reconciliation feature. Paid-check data reflects all cleared checks for the previous calendar month.

To put this service to work for your credit union, contact an Account Executive at 800.442.5763.