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Navy Federal Credit Union Debuts Participation Loan Program

To help credit unions looking to grow their business lending programs, Navy Federal Credit Union has launched a new commercial participation loan program.

By Michelle A. Samaad | Updated on July 02, 2012

To help credit unions looking to grow their business lending programs, Navy Federal Credit Union said it has launched a new commercial participation loan program.

Making its debut Monday, the C-PaL program will create partnerships between the $49 billion Navy Federal and other credit unions nationwide. The partnering credit union would be the originator of the loan with Navy Federal being a purchaser of a significant portion of the loan, the Vienna, Va.-based cooperative said.

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