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ATLANTA – People’s Trust Federal Credit Union has turned to Ceto and Associates for its deposit reclassification solution and as a result, was able to reallocate $4.4 million to interest earning assets.

With more than $300 million in assets, deposit reclassification enables People’s Trust to restructure its checking transaction accounts, considerably reducing its non-interest earning reserve requirement by $5.8 million, Ceto said. Reallocating $4.4 million from the Federal Reserve Bank into interest earning assets will earn the credit union an estimated $352,000 a year, the company said.

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