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COIN & CURRENCY SERVICES As a member of Southwest Corporate, your credit union can receive free weekly shipments of coin and currency from your Federal Reserve Bank branch. This increases earnings on your books 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 Federal Reserve Bank 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 Federal Reserve Bank. Establishing coin and currency delivery through Southwest Corporate and your Federal Reserve Bank 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, contact an Account Executive at 800.442.5763. |
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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 |