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OCCU enters auto ABS market with $275M deal

The issuance marks the 4th credit union to enter ABS market

Joey PizzolatobyJoey Pizzolato
October 6, 2022
in Capital & Funding
Reading Time: 2 mins read
0

Oregon Community Credit Union (OCCU) is set to issue its inaugural auto asset-backed securities (ABS) deal this month, marking the fourth credit union (CU) entrance to the market since the National Credit Union Administration authorized CUs to sell securities in 2017.   The $275 million deal, which is backed by prime auto loan receivables, is expected […]

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Tags: auto ABSOregon Community Credit UnionPremiumS&P Global
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