Corporate Reports Surge In CU Borrowing Activity

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Corporate Central Credit Union is reporting loan volume to member credit unions is surging. During January of this year, the corporate said it had loaned $585 million to member CUs, significantly more than the $480 million loaned out during the same period one year earlier. The loans are going to credit unions seeking to alleviate a liquidity crunch as members borrow. The corporate has approximately 350 CU members.

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