AMERICAN SOUTHWEST CREDIT UNION

Ascu prides itself in promoting thrift to the community as well as its member-owners. Consistent market level deposit rates are available to all depositors large and small. Member-owners have a variety of avenues to move their money around, including direct deposit, payroll deduction, ach origination, wire transfers, person to person transfers, mobile banking and of course, home banking services and convenient locations for walk-in transactions. The more serious investors can take advantage of certificates of deposit, money market account programs, and iras.

Member business (commercial) lending is now a large representation of the credit union's balance sheet. Reputable local businesses and contractors now have a lending avenue that offers competitive rates and terms. Businesses enjoy having a local financial institution where the decisions are made here and not left up to a big-bank corporation. Since the program's inception in 2014, the credit union has experienced very little reportable delinquency and only three low-dollar charge-off's in its member business lending portfolio. Ascu was also fortunate to be able to provide ppp (payment protection program) loans to its business members. Mortgage lending also represents a sizable portion of the cu's balance sheet. Ascu's members benefit from competitive rates and the assurance knowing that their loan is held locally and not sold to a large bank where quality service may not be the focus.