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
Registration now open for @CUNA @WOCCU summer conference in Denver July 12-15 http://t.co/opq1jypsXL #ACUC #CUinDenver2015
14 hours ago
Emergency loans post- #Blizzard2015 offered by @ScientFCU in Conn. http://t.co/U9tIBzPOZV
15 hours ago
Did you get your spot in the @CUCB #CherryBlossom 10 Mile Run? Check lottery results here http://t.co/6rxT0osyWJ @CU4Kids @CMNHospitals
15 hours ago
@FamilyFirstFCU has implemented a grant program through the FHLB of NY to help first-time home buyers.
16 hours ago
#BREAKING: @federalreserve offers few new hints on rate-hike timing in policy statement http://t.co/lgZ6zZ1Vrr
16 hours ago