The $18 billion Western Corporate Federal Credit Union will issue at least $1.5 billion in 3-year notes, guaranteed by the National Credit Union Administration under the Temporary Corporate Credit Union Liquidity Guarantee Program, the NCUA confirmed today.
Like the U.S. Central deal, J.P. Morgan and Bank of America are serving as lead underwriters for the issuance.
NCUA Director of Public and Congressional Affairs John McKechnie called the offer "imminent", but said details like rates and the time frame are still being negotiated.
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.
