NCUA To Partner With Export-Import Bank
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.
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