ALBANY, N.Y. – The $5.2 billion Empire has re-launched its Term Line of Credit (LOC) facility, which can be used by credit unions as a long-term funding source for asset-liability management. According to Empire, the strength of the Term LOC is it provides immediate access to liquidity and offers long-term funding at a fixed cost, and can be a tool against interest rate risk – something that may on the minds of more CUs with rates expected to increase soon. Capital Communications Federal Credit Union is the latest to use the LOC, taking out a $20 million line. "We needed a wholesale funding facility that provides us with greater term control, while allowing us to extend our liabilities and to better manage our interest rate risk, " said David Jurczynski, SVP, CCFCU. Empire's Term LOC allows advances for any term between one and 12 years, and can retain a bullet or amortizing structure. Empire will structure other advance types, such as schedule principal backs and adjustable loans.