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Charlie Mac Purchases $3.2 Million CU Auto Portfolio

PORTLAND, Ore.- More and more credit unions are starting to turn to their corporates to sell off loans via Charlie Mac. Marion and Polk Schools Credit Union recently completed a $3.2 million sale of auto loans through Northwest Corporate Credit Union's CARPooL program. CARPooL program is a secondary market product...

By Staff Writer | Updated on August 17, 2004

PORTLAND, Ore.- More and more credit unions are starting to turn to their corporates to sell off loans via Charlie Mac. Marion and Polk Schools Credit Union recently completed a $3.2 million sale of auto loans through Northwest Corporate Credit Union’s CARPooL program. CARPooL program is a secondary market product available through Northwest Corporate’s partnership with Charlie Mac, LLC. Charlie Mac also offers JumboExpress for credit unions to sell off jumbo mortgages through their corporates. This program is expected to pick up as credit unions look to avert interest rate risk of 30-year fixed rate mortgages.

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