hand giving another hand a stack of money Source: Shutterstock.

Michigan State University Federal Credit Union originated a $25.9 million loan last month that helped a CUSO buy a New Jersey credit union’s headquarters building in a $51.7 million leaseback deal.

Michigan State University FCU of East Lansing, Mich. ($6.9 billion, 336,117 members) closed the 10-year loan Dec. 13. Other credit unions bought loan participation interests.

Jim DuPlessis

A journalist for decades.

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