Since signing on its first credit union in April to its new loan participation program, Catalyst Corporate Federal Credit Union said more than $46 million of the loans have been bought and sold.
The Plano, Texas-based corporate said it began developing its program in 2013 after the NCUA's issuance of final rules that increased the loan concentration limit to 100% of a credit union's net worth, up from the 25% limit that the agency had first considered.
Catalyst Corporate's loan participation program officially launched in July 2013. Nearly two dozen credit unions have signed on since April.
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