NCUA Pushes Export-ImportBusiness

October 04, 2005, 1:00 a.m. EDT 1 Min Read

WASHINGTON - (10/04/05) -- NCUA said it has signed an agreementwith the Export-Import Bank to increase awareness of Ex-Im's loanguarantees, export credit insurance and direct loans among creditunions. NCUA said it will help identify individual credit unionsthat are best suited for Ex-Im's financing programs. The Ex-Im Banksupported almost $18 billion in U.S. exports last year, primarilyto emerging markets. The agency assumes credit and country risksthat the private sector is unable or unwilling toaccept.

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