THE U.K. FINANCIAL CONDUCT AUTHORITY HAS CONFIRMED MOST USD LIBOR RATES WILL BE PUBLISHED THROUGH JUNE 30, 2023, PAVING A CLEAR PATH TO ELIMINATE LIBOR RISK FOR MOST CREDIT UNION INVESTMENTS.
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The updated rule will allow more credit unions to use this balance sheet management tool while managing interest rate risk and pursuing income strategies.
CDs have long been the bedrock of credit union investment portfolios, particularly for small and medium-sized institution.