NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing – CUInsight

NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing – CUInsight Purvis will stress the importance of ensuring that any housing finance reform plan preserves credit unions’ unfettered access to the secondary market, along with.

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Credit Unions were founded on the cooperative philosophy of not for profit, not for charity, but for service. At Insight Credit Union, you’re a member, not a customer. Every member is an owner/shareholder who enjoys better banking benefits like higher dividends, lower loan rates, and.

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Credit unions offer members the chance to have control over their own finances by making their own savings work for them. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.

Banker’s acceptances are time drafts that a business can order from the bank if it wants additional security against counterparty risk. Acceptance market is an investment market based on short-term credit instruments typically used by exporters who prefer to get paid faster for their exported goods.

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NAFCU witness Rick Stafford stressed the importance of credit unions’ unfettered access to the secondary mortgage market and need for affordable In a letter cited by the Senate Banking Committee, NAFCU expressed concern that certain fintech companies may be able to exploit.