Monday, August 15, 2016

Privately Insured Ohio CU Approved for FHLB Membership

AurGroup Financial Credit Union (Fairfield, OH) has been approved for membership in the Federal Home Loan Bank (FHLB) of Cincinnati.

The Fixing America’s Surface Transportation Act or “FAST Act” authorized privately insured credit unions could become members of a FHLB.

The $148 million credit union is the fourth privately insured credit union to be granted FHLB membership since June.

The other three privately insured credit unions to receive FHLB membership are Beacon CU (Wabash, IN), Credit Union 1 (Rantoul, IL), and Interra CU (Goshen, IN).

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