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A journalist for decades.
Credit unions have increased their investments in CUSOs in the last few years.
The loan program, through AFG, can guarantee residual values to help reduce the risk to members, PenFed says.
More than 1,000 CUs have been acquired by others through mergers since 2014.
CUs hold $61.5B in credit card debt on March 31, up 8.1% from a year earlier, according to the Fed's G-19 Consumer Credit Report.
New numbers from CUNA show both car and real estate lending slowing in March.
ROA remains strong despite waning lending and interest margins.
Credit union business lending increased faster than average last year.
Only 415 credit unions held SBA commercial loans in 2018.
It has a plan in place to add $20 million in assets and 1,000 new members later this year.
PenFed's new "Payment Saver Plus Program" removes the risk of credit damage for members.