THE SWACU NEWSLETTER SPRING FALL 2021 2021 Over the past few months there have been some significant milestones. While it seems time flies, it also sometimes feels like time stands still. In June we celebrated with Southwest Airlines as they hit a HUGE milestone of 50 years as an airline and similarly, in September we celebrated 46 years of serving our members at SWACU. These are fun and exciting achievements, and to those of us who have experienced them firsthand, these years seem to have flown by. On September 11, we all reflected on where we were 20 years ago as the events of 9/11 occurred. I remember vividly each moment of that day and to me, it seems like time has stood still, how could it have been 20 years? I bet some of you feel the same. I hope we never forget how we felt that day, how our country was unified and how our hearts were broken. It is also my desire that as we look forward to the future where we can find great hope and seek joy each day. As I have shared several times now, we are excited about our future at SWACU as we are working our way diligently and meticulously through the enormous undertaking of changing our CORE data processing system. We are pursuing this initiative to enhance our technology, offer new products and services to our membership, and increase efficiencies for our members and staff. We can’t wait to cross the finish line on this project the weekend of April 1, 2022. You’ll begin to hear even more about how we are Strengthening Our Core in the coming months. As excited as we are about what our future holds, there is a threat of legislation that could be very burdensome to financial institutions including credit unions, while also invading YOUR privacy. You may have already heard about the current Federal Administration’s budget proposal for fiscal year 2022 and how it contains language intended to increase tax compliance to the IRS. This new IRS Reporting Provision would require all institutions, including SWACU, to report all inflows and outflows for business OR personal accounts greater than $600. This has been struck down in two different ways during the proposal process so far, but there is great concern that it could resurface as an addition to a HOUSE package. If unsuccessful, it could be added when the Senate soon considers the larger bill (the Build Back Better Act). I encourage you to take the time to research this proposal and how it might affect you.
WE NEED YOUR HELP: Would you consider reaching out to your
members of Congress to share your concerns and urge them to oppose the new IRS reporting requirements on financial institutions, including credit unions and almost all member accounts? You can most easily reach them at 202-224-3121, the Capitol Hill switchboard. We take great care to protect our member’s privacy and this type of legislation is a colossal setback to your personal privacy and the regulatory burden SWACU already experiences. Please know that Grassroots Advocacy does not start and end with you. We are also lobbying our legislators and we have advocacy agencies, like NAFCU, CUNA and the Cornerstone Credit Union League lobbying on our behalf as well. We need everyone to play a role to prevent this concerning legislation from becoming law. Thank you for your efforts and thank you for being a part of our future.
$474,760,696 TOTAL DEPOSITS
$697,188,160 TOTAL ASSETS
$777,859,584 TOTAL MEMBERS
FINANCIALS As of August 31, 2021
IN THIS ISSUE: • Annual Meeting and Election Notice
• SEG Visits • Adventures Photo Contest Winner
• Home for the Holidays • Daniel J. Kimber Scholarship Winners
• 12 Days of Christmas
• Now Hiring
HAVE YOU HEARD? We are strengthening our CORE! We are currently working to make our products and services better for you, our members, through a new core operating system. While most of the conversion will not impact members, we want to ensure you stay well informed. We invite you to ensure your email address is up-to-date in SWACU Mobile Banking. This will help us keep you in the loop. Also, if there are any items that will impact membership, you can find them at swacu.org/corconversion, on SWACU social media, or in your email.
SWACU Employees are working to strengthen the core and have some fun while doing it, at the SWACU CORE Glow Party!
S W A C U
We will hold our Annual Meeting at 5:15 pm on Thursday, December 9, 2021. The Annual Meeting will be held at Southwest Airlines Federal Credit Union which is located at 2430 Shorecrest Dr., Dallas, TX 75235. This year there will be one position open for election and two for reelection on the Board of Directors. The Nominating Committee, appointed by the Chairman of the Board of Directors, has nominated one member for each Board positions to be filled.
2 0 2 1
Regina Jordan... is an inspirational leader who believes people are the
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greatest assets in all organizations. A native of Dallas, she received her Bachelor’s of Business Administration from the University of Oklahoma and is a proud graduate of Dallas Independent School District schools. Currently, she has in excess of thirty-two years at Southwest Airlines with twenty of those years leading the Service Desk. Her most recent role is a Senior Technology Analyst for the Technology Services and Support Training department. One of her highest acknowledgements came in 2007 when she was awarded the 2007 Southwest Airlines’ President’s Award. This award is one of the highest honors an Employee can receive, and it is a tradition Southwest has had since 1979. The recipients are a snapshot of Southwest Airlines’ highest performers who work hard and consistently exceed expectations, while also treating others with respect and kindness. All of those are basic tenants of Regina’s belief system-hard work, consistency, treating everyone with respect and extending kindness. Regina’s service extends to several organizations. Currently she serves on the Board of Directors for Eden’s Place, a nonprofit residential treatment center, Southwest Airlines Federal Credit Union Supervisory Committee and the Pastor’s Parish Relations Committee. Family is the cornerstone of Regina’s ideology. She and her husband of 25 years, Vincent, have two sons Vincent Kelvin (34) and Caleb (21). They enjoy traveling, especially to support Caleb’s college basketball games, as well as, supporting Vincent Kelvin in his local recreational basketball leagues. Regina also enjoys roller skating, bowling and traveling with family and friends. Regina has been a member of the Southwest Airlines Federal Credit Union for over 25 years.
Steve Day... has served on the Board of Directors for SWACU since 1996 and
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Scott Johnson... retired in 2001 after working for Southwest Airlines for
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has been a member of the credit union since 1988. He recently retired from Southwest Airlines after 32 years and loves to spend time in Jackson, WY with his daughter’s family hiking, canoeing and naming the deer. Steve has deep North Texas roots, with a brother and cousin still working in the Maintenance group in Dallas. In addition to travel, Steve plays guitar with several Ft. Worth musicians and is a swim instructor for his grandsons that live across the street.
30 years. He has been involved with the Southwest Airlines Federal Credit Union since its inception as a member of the Board and has served as Chairman since 1975. As a Credit Union “Volunteer” Mr. Johnson has worked to ensure the viability of the Credit Union through sound, conservative leadership and has dedicated over 45 years to the continued success of the Southwest Airlines Federal Credit Union. Mr. Johnson is married and lives with his wife Jeanne in Florida.
Further nominations may be made by official petition signed by 500 eligible members. Official petitions and the rules and instructions for the completion of the official petition may be obtained by contacting Carol Hughes, Executive Assistant, at the Credit Union home office which is located at 2430 Shorecrest, Dallas, Texas 75235, between the hours of 9 a.m. and 4 p.m. Monday through Friday. Official petitions must be completed in full compliance with the election rules as set forth in the rules and instructions for the completion of the official petition and must include each signer’s signature and printed name, the last 4 digits of the signer’s member number, and the signer’s complete address and telephone number. Members who are 18 years of age or older and who meet certain requirements under the Federal Credit Union Act and the Bylaws of Southwest Airlines Federal Credit Union are eligible for election. Official petitions must be accompanied by a signed statement from the nominee that he or she is agreeable to the nomination and will accept office if elected and should also include a brief statement of qualifications and biographical data. Elected officials are legally responsible for the fiscal integrity of the Credit Union and for compliance with State and Federal laws. Official petitions must be filed with the Secretary of the Board of Directors at the Credit Union home office which is located at 2430 Shorecrest, Dallas, Texas 75235, by 4:00 p.m. on October 28, 2021 which is the closing date for receiving nominations by petition. If no official petitions are received by 4:00 p.m. on October 28, 2021, there will be no election by ballot and no nominations from the floor. When only one member is nominated for each position to be filled, each nominee shall be deemed elected by general consent or acclamation. If there is more than one nominee for any position, the election shall be by mail ballot and the Secretary of the Board of Directors shall cause printed ballots to be mailed to members eligible to vote. In such event, the election shall be determined by plurality vote.
Tuoyo Asagba, is packed and headed to your neck of the woods.
WE’VE GOT YOUR TICKETS
He is working hard to improve your financial relationship.
TO SAVINGS AND FUN!
If you work at a company/business located within 25 miles of one of
It’s fair season here at SWACU and you’re invited
our branches or at a SWA Station
to leave your worries at the front gate. Hop in a
and want to schedule a visit, email
new ride with a low rate SWACU Auto Loan and get
there faster! Stay all day with the buying power of
COME SEE TUOYO IN:
a SWACU Credit Card. Let us help sweeten your fun
with great rates and benefits here at SWACU!
October, 6th – 8th ATLANTA
Apply today for your SWACU Fest-iv-All deal at swacu.org!
October, 20th – 22nd Do you want SWACU to come visit? Schedule your visit today!
BUSINESS DEVELOPMENT REPRESENTATIVE TASAGBA@SWACU.ORG
AUTO LOANS INCLUDE NEW AND USED AUTOS THAT EXCEED $15,000*
STRENGTH | WELLNESS | ADVENTURE | CARE | UNITY *SWACU Refinances not included in promotion, must be new loan. Offer valid 9/16/2021-12/31/2021. Congrats to Jennifer and family as they Vacationed in Park City, UT this summer.
Home for the Holidays A new home for the holidays is even sweeter 4.4 wide when you finance with SWACU!
ADVENTURES PHOTO WITH SWACU
Get $750 credit toward closing costs on new home loans.*
that is from line to line
WINNER: JENNIFER COATES
*Must be new purchase. Offer valid: 10/1/21-12/31/21. For full details, visit swacu.org/promos
U P C O M I N G
DANIEL J. KIMBER SCHOLARSHIP APPLICATIONS WILL BE ACCEPTED STARTING JANUARY 1, 2022
ATTENTION 2022 HIGH SCHOOL SENIORS! Mark your calendars! We will begin accepting applications for the Daniel J. Kimber Scholarship on January 1, 2022. For more information, visit www.swacu.org/scholarship.
Observed New Year’s Day
DAYS OF CHRISTMAS - IS BACK! SWACU is bringing back the 12 days of Christmas! Starting December 9th, 2021, you can enter DAILY for a prize to be announced the following business day. Prizes will be awarded each business day until December 24th, and you can nominate someone who deserves to win this year’s grand prize of $500! This can be a friend or family member who you believe deserves a little something extra this holiday season. All submissions for the daily and grand prizes can also be entered through alternative means. Stay tuned for more details!
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DAL EXT. 170 HEB EXT. 375 HOU EXT. 148 PHX EXT. 149 Great teammates, set schedule, fun culture. Apply today on the careers page on swacu.org!
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