Valley Strong CU Closes 3rd Securities Deal

The Bakersfield, Calif., CU's $332 million auto loan securitization Tuesday follows $416 million in deals in 2023.

By Jim DuPlessis | March 27, 2024 at 04:00 PM

Valley Strong Credit Union sponsored its third batch of securities backed by its former auto loans in a $331.7 million issuance that closed Tuesday.

Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
Educational webcasts, white papers, and ebooks from industry thought leaders.
Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.

NOT FOR REPRINT

A journalist for decades.

Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
More Information
Consulting
Consulting Best Firms to Work For 2024
September 12, 2024 - New York

Consulting Magazine identifies the best firms to work for in the consulting profession.
More Information
GlobeSt. Multifamily Fall 2024
October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information

By Michael Ogden | July 26, 2024

Leadership at Great Basin FCU is involved in a new initiative to make housing affordable for members in Nevada.

By Peter Strozniak | July 26, 2024

Although Washington state regulators gave the deal a green light, decisions from the NCUA and FDIC are pending.

By Jim DuPlessis | July 26, 2024

The Florida CU is the fourth-largest holder of indirect car loans, the type sold in a deal that closed Wednesday.

White Paper

Credit Union Times

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now