NCUA To Partner With Export-Import Bank

Register now

NCUA said it has signed an agreement with the Export-Import Bank to increase awareness of Ex-Im's loan guarantees, export credit insurance and direct loans among credit unions. NCUA said it will help identify individual credit unions that are best suited for Ex-Im's financing programs. The Ex-Im Bank supported almost $18 billion in U.S. exports last year, primarily to emerging markets. The agency assumes credit and country risks that the private sector is unable or unwilling to accept.

Contact Ed Roberts at eroberts cujournal.com.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER