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| Value > Strong > Settlement & Cash Management |
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Strong Overview | Settlement | Lending | Item Processing
SETTLEMENT AND CASH MANAGEMENT VALUE PROPOSITION Southwest Corporate provides a highly efficient method of settling daily transactions and managing associated cash. There is no need to have accounts with other competing financial institutions, expend the overhead to manage a Federal Reserve Bank account or worry about daylight overdrafts. With Southwest Corporate's Cash Management Fund, member credit unions have:
For excess overnight funds, Southwest Corporate offers the highly competitive Performance Tiered Account (PTA), which features tiered rates in excess of Fed Funds Effective (FFE) and easy transfers via TranZact. In addition to ease of use, the bottom-line value of the overnight account structure at Southwest Corporate is revealed in a look at historic rates versus FFE. For example, over the last ten years, the weighted-average rate of the combined PTA tiers is 8 basis points higher than FFE. Through this efficient structure, the cooperative adds millions of dollars per year in earnings to its members/owners.
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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 |
