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Valley Strong Credit Union sponsored its third batch of securities backed by its former auto loans in a $331.7 million issuance that closed Tuesday.

The deal brought the year's total of auto-backed securities by credit unions to $732 million, following the $400 million deal that closed March 14 by GreenState Credit Union of North Liberty, Iowa ($11.4 billion in assets, 451,291 members as of Dec. 31).

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Jim DuPlessis

A journalist for decades.