North Carolina Corporate Buys CarLoans

GREENSBORO, N.C.­ - (11/03/05) -- First Carolina Corporate CUannounced Wednesday it has purchased more than $22 million in carloans from credit unions since the launch its CARPool program.That's more than double the $9 million in total loans FirstCarolina-member credit unions sold in the previous six monthperiod. Through the CARPooL program, which is offered inconjunction with U.S. Central's Charlie Mac program, credit unionscan sell the loans but retain the servicing. First Carolinapurchases a portion of the participation interest in theloans.