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“Collaboration” Loan Participations

“Collaboration” Loan Participations

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“Collaboration” Loan Participations

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  1. “Collaboration”Loan Participations

  2. Partnership In order to limit our concentration to one member, we began participating out some of our commercial real estate loans. Boston and San Diego Partnership: • $1.6M Total ($600 San Diego and $1M Boston) • 43% Partnership • Pass through rate of 4.25% • Third party servicer 2

  3. Participation Pools Our loan to share ratio has exceeded 100%; therefore, we began to pool our real estate loans and participate them out to other Credit Unions. This allows us to continue to service our members and maintain our 5% Liquidity ratio, 40% NEV ratio, and 10.25% Capital ratio. Custom pools can be created. Following is an example of two recent pools: • $3M and $5M Pools • 70-80% LTV Real Estate Loans • Average 770 FICOs • Mix is mainly variable rate loans (single family, owner occupied, regionally diversified) • Pass through rate is 2.90% • Option to review files • We keep 10% of the pools 2