Wednesday, January 31, 2018

228 CUs Borrowed from Federal Reserve in Q4 2015

The Federal Reserve reported that 228 credit unions borrowed from the Discount Window 286 times during the 4th quarter of 2015.

In the third quarter of 2015, 180 credit unions borrowed from the Federal Reserve's Discount Window.

The aggregate amount borrowed during the fourth quarter of 2015 was $134,265,001.

The average amount borrowed was $469,458. However, the median amount borrowed was $10,000.

There were 35 Discount Window loans of at least $1 million from the Federal Reserve during the 4th quarter of 2017.

The largest amount borrowed from the Discount Window was $10 million by 3 credit unions -- Blackhawk Community Credit Union (Janesville, WI), Great Lakes Credit Union (Bannockburn, IL), and Premier American Credit Union (Chatsworth, CA).

Aurora Credit Union (Milwaukee, WI) visited the Federal Reserve's Discount Window 14 times during the fourth quarter of 2015.

All credit unions, except for two, borrowed under the Federal Reserve's primary credit program, which is reserved for only well run credit unions. The seasonal credit program was tapped 7 times by two credit unions.

The Federal Reserve is required by law to disclose with a two year delay information on borrowings from the Discount Window.


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