Do credit unions sell loans as banks sometimes do?
In my exploration of financial systems, I've discovered that credit unions, much like banks, do have the capacity to sell loans. This practice involves selling the loans to other institutions, often as a way to free up capital. However, it's important to note that credit unions operate based on their members' best interests, so they generally lean towards holding onto loans rather than selling them. But, just like banks, they have the right to sell loans if necessary or if it's beneficial for their stability and growth. So, while it isn't a common practice, it isn't unheard of in the world of credit unions.
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