Corporate One Federal Credit Union has issued its first asset-backed securitization, believed to be the second multi-seller deal by credit unions in the market. And market participants expect more. Columbus, Ohio-based Corporate One FCU, which provides liquidity, investment and payment services to credit unions, on Jan. 21 closed a $335 million auto ABS deal backed by prime loans from Day Air Credit Union, Everwise Credit Union and Wright-Patt Credit Union (WPCU), according to Corporate One. More than 740 credit unions throughout the country […]
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