COLUMBUS, Ohio – With natural-person CUs awash in liquidity, corporate CUs are seeing their assets balloon. Corporate One FCU is reporting that its assets topped $3.5 billion in late May, a record for the corporate. The corporate's assets jumped by an astounding 60% over the same period last year. The corporate said its new overnight investment offering, that is tied directly to the fed funds rate and can pay up to 15 basis points over the fed funds target rate, has helped it bring in more CU deposits. Many other corporates are reporting record assets this year.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
