Special Certificates Prove Popular

January 12, 2004, 1:00 a.m. EST 1 Min Read

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Southwest Corporate is reporting that its member CUs poured more than $1 billion into special share certificates that were created during 2003 as a means of earning higher returns in a low-rate environment. SWCFCU said it created 78 special certificates during 2003, a substantial increase over the $551 million invested in the 45 special certificates created during 2002, according to Mark Walker, director of portfolio management for SCCU.

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