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What impact has the declining economy had on the corporate credit unions?

April 26, 2017corporate credit declining economy impact unions

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What impact has the declining economy had on the corporate credit unions?

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The corporate credit union system owns a significant portfolio of securities backed by residential mortgages. As home values have significantly fallen, the deteriorating performance of the loans underlying some of these securities has resulted in a decline in the value of those securities. This decline in value has placed a strain on the entire corporate credit union system.