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Is it a disaster? To quote ESPN sports broadcaster Lee Corso: “Not so fast, my friend.”

We have noticed a lot of recent discussions about the exposure credit unions have had to long-term assets and wanted to point out that it may not be as bad as some folks think.

According to a June 5, 2014, article from The Wall Street Journal, “Credit unions’ net holdings of long-term assets, a measure of exposure to rising interest rates, rose to an all-time high at the end of 2013 to 35.85% of total assets, according to the NCUA. The increase comes as some credit unions are adopting lax standards for mortgage and home-equity loans and lines of credit reminiscent of those leading up to the financial crisis, according to interviews. Credit unions also are extending the duration on investments like mortgage bonds, regulatory data show.”

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