Economics, Econometrics and Finance
4 years ago

US Credit Unions Embrace Securitization, Unlocking New Funding Opportunities

˜The œjournal of structured finance
“Green Shoots” for US Credit Union Securitizations: <i>An Examination of the Related NCUA Safe Harbor</i>
J. Paul Forrester, James J. Antonopoulos

Paper Summary

The NCUA has made it easier for credit unions to use securitization to fund credit activities. Banks have been using securitization for this purpose for a while. The NCUA's safe harbor rule protects credit unions in securitization transactions. Recently, a credit union successfully closed a securitization deal, showing that the safe harbor is working.

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