Other notes, which include borrowings from the Federal Reserve Bank Discount Window, borrowings from other agencies, and installment loans from corporate credit unions, comprised 39.6%, or $21.3 billion, of the portfolio, the second-largest borrowings segment. The other three components (repurchase transactions, subordinate debt, and secondary capital) shared the remaining 2.1% of the portfolio.
Draws against lines of credit made up more than half, 58.4%, of the credit union portfolio in the second quarter of 2018.
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Uninsured secondary capital was up 34.7% year-over-year to $248.1 million as of June 30, 2018, and was the fastest-growing component, followed by draws against lines of credit, which were up 16.3%, or $4.4 billion, to $31.5 billion.
Credit unions reported year-over-year decreases in two components. Borrowing repurchase transactions were down $292.4 million, and subordinate debt was down $7.7 million. These two made up a collective 1.6% of the borrowings portfolio.
The industry’s borrowings totaled $53.9 billion as of June 30, 2018. That was up $5.7 billion year-over-year.
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