Loan trading rose to record levels last year as savings surged and lending was uneven, and this year Alliant Credit Union is reporting its activity continues to be strong.
The Chicago credit union ($14 billion in assets, 586,435 members) sold $325.3 million in loan participations in the three months ending March 31, more than eight times the $38.7 million sold in 2020′s first quarter.
Alliant's purchases fell 15% to $340.2 million as full loan purchases fell 18% to $251.1 million, and purchases of participations fell 4% to $89.2 million.
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