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Letters of Credit

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Types of Letters of Credit We Offer


  • Confirming

    A Confirming Letter of Credit – sometimes called a "wrap" – can help secure improved credit terms for community-focused bonds, enhancing the bond’s credit rating, reducing borrowing costs, and improving marketability.

  • Public Unit Deposits (PUD)

    Members can use a Standby Letter of Credit to collateralize Public Unit Deposits (PUDs) that exceed the level covered by FDIC. It's a great alternative to pledging securities.

  • Standby

    A Standby Letter of Credit functions as an independent guaranty of a member’s obligation, which can help increase borrowing capabilities.