Credit unions seek same ABS benefits as bank brethren

navy federal credit union
By Matthew Scully
07 Aug 2014

Fast-growing US federal credit unions are quietly updating rules that have prevented them from securitizing loan originations in the same way larger bank competitors have for years.

The National Credit Union Administration (NCUA) is adapting its rulebook to allow its largest regulated entities to sponsor their own securitizations, in a development that acknowledges the growth of the $1.1tr credit union industry.

“Credit unions have traditionally held loans in portfolio, but as they have got bigger ...

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