OCCU Announces $350 Million Auto Loan Securitization Sale

Posted by Alyse Knudsen on August 25, 2025

OCCU (Oregon Community Credit Union) is only the second U.S. credit union to complete three auto loan securitizations in the eight years since the National Credit Union Administration paved the way for credit unions to enter the securities market.

Securitization is the process of bundling hundreds or thousands of individual loans into securities. It allows the credit union to leverage portions of the loan portfolio to raise additional capital for the benefit of the membership.

“This securitization benefits members by building the financial strength of OCCU,” said Jeff Mullins, OCCU Senior Vice President of Capital Markets. “This strength allows us to serve more members and supports our ability to provide member benefits such as lower or eliminated fees, additional branches and service centers, and enhanced technology such as digital banking and video teller machines.”

The loans included direct and indirect prime-quality vehicle retail installment sales contracts secured by new and used automobiles, light-duty trucks, sport utility vehicles, and vans. OCCU will continue to service the loans.

OCCU has been making vehicle loans for more than 65 years and has built a strong program to deliver value to both members and dealer partners. OCCU provides high-touch dealer relationship management, with indirect lending comprising more than 90% of origination volume.

As a regional auto-lending leader in the Pacific Northwest with a managed auto portfolio of $2.75 billion, OCCU is well respected in the industry. OCCU is amongst the leading credit union indirect lenders in the U.S. and has indirect lending relationships with more than 1,050 active dealerships.

Posted in Idaho, Oregon, Regional Member News, Washington.