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Coin and Currency | Foreign Check Collection | Foreign Currency Exchange | Contact Us
COIN AND CURRENCY SERVICE
As a member of Southwest Corporate, your credit union can receive free weekly shipments of coin and currency from your Federal Reserve Bank (FRB) branch. This increases earnings on your funds by eliminating the need to keep a non-earning balance at a local bank to fund the service. The service usually costs less through Southwest Corporate and the FRB than the fee charged by commercial banks.
By participating in Coin and Currency Services through Southwest Corporate, your credit union is sharing in the Corporate's membership in the FRB. There are no associated FRB fees for this once-a-week service.
Ordering cash through Southwest Corporate and the FRB is a simple procedure:
The amount of the cash order appears on your credit union's monthly statement and your order history can be reviewed anytime on TranZact. There's no need to maintain an account relationship with the FRB.
Establishing coin and currency delivery through Southwest Corporate and your FRB branch is a breeze. Just call your Account Officer, maintain a Line of Credit at Southwest Corporate, and complete the following:
To put this service to work for your credit union, email an Account Executive at contactus@swcorp.org or call 800.442.5763.
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Southwest Corporate Federal Credit Union is federally insured by the National Credit Union Administration, a US Government Agency. © 2010 Southwest Corporate Federal Credit Union. All rights reserved. | Terms and Conditions | Webmaster 214.703.7500 | 800.442.5763 | fax 214.703.7906 | Contact Us |