It’s a story that is dominating every news outlet in America. Many of our nation’s oldest and largest financial institutions are in trouble. The cause of these woes are many: too much sub-prime lending, poor accounting practices, too much reliance on Wall Street investments, lack of proper oversight and more. And, it’s not just New York investment firms and California banks that are hurting. There are other banks, some with branches all across Texas, that are also facing rumors of failure. This of course has many bank customers nervous about the safety of their money.

We are pleased to report that Southwest Financial is strong and healthy. Depositing money into your account is as safe as ever. For over 45 years we have been making sound lending decisions and putting our money in the best investments: you our members. Not to mention that your savings are insured by the NCUA for at least $250,000. Plus, the Credit Union has purchased Excess Share Insurance that provides you with an addtional $250,000 savings protection. If you ever have questions about the security of your accounts, please feel free to call us. We’ll be glad to answer your questions.