Ent Credit Union said Tuesday it has sold $54 million in unsecured personal loans to an institutional investor.
Also on Tuesday, Moody's announced it had placed a $9 million group of securities backed by Ent auto loans on review for a possible downgrade because of higher-than-expected losses.
Ent ($9.8 billion in assets, 533,480 members), headquartered in Colorado Springs, Colo., has raised cash and helped reduce its loan-to-share ratio through loan sales.
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