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Truliant Federal Credit Union of Winston-Salem, N.C., has issued $50 million in secondary capital, its first placement and an amount it believes is the largest for a credit union.

The move comes as uninsured secondary capital is on the rise as measured by NCUA call reports. Among the nation’s 5,097 credit unions (as of Sept. 30), 84 of them held $568.5 million in secondary capital, up 65% from a year earlier when 74 credit unions held $258 million in secondary capital. NCUA allows secondary capital for low-income designated financial institutions like Truliant FCU.

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Jim DuPlessis

A journalist for decades.

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