Rumors swirled Monday that U.S. Central Bridge had tumbled deep into a "liquidity crisis," as one Credit Union Times source put it - but the facts are otherwise.
As it turns out, U.S. Central has in fact been cutting the lines of credit it extends to corporate credit union members.
Those cuts – sometimes sharp – are what spawned the liquidity rumors. And the cuts are very real. "Over the past year we have cut a number of lines of credit," admitted Austin Braithwait, senior vice president, correspondent services at US Central.
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