Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Reverse inquiries double says Southwest Corporate
PLANO, Texas (1/18/08)--Credit unions’ interest in customizable certificates--also known as reverse inquiries--rose to 62 requests in 2007 from 41 in 2006 and accounted for nearly double the dollar amount invested, according to Southwest Corporate FCU. The Plano, Texas-based corporate regularly creates structured investments and advertises them through e-mail and the Internet (eFacts Jan. 15). Because not all structured certificates fit exactly into credit unions’ needs, a customizable reverse inquiry can be an attractive offer, said Cynthia Shi, Southwest Corporate director of portfolio management. Credit unions with as little as $3 million to invest can take their inquiry to Southwest Corporate. It will structure their investments to their needs, Shi said, noting that most agencies require a $25 million minimum to invest. For more information, use the link.
Other Resources

RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
3 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
8 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
8 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
10 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
10 hours ago