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PenFed Credit Union issues first auto ABS deal of 2026

U.S. auto ABS issuance volume rose 3.5% YTD as of June 26

C.J. Moore

PenFed Credit Union came to market with its first auto asset-backed securitization deal of 2026, joining several financiers that issued deals in June as year-to-date volume continued to outpace 2025 levels.   PenFed issued a $354 million prime auto asset-backed securitization (ABS) transaction on June 8, its first since September 2025, according to CreditFlow, which monitors securities. […]

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