NCUA Plans New Investment Option For CUs

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ALEXANDRIA, Va. --The NCUA Board proposed a new investment option for credit unions, mortgage note repurchase agreements. The proposed rule, issued for a 60-day comment period, would allow federal credit unions to invest in short-term repurchase agreements, collateralized by mortgage notes, even including mortgages of non-members. The maximum term of the mortgage notes would be 30 days.

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