ALM First assists OCCU with $275M auto securitization
DALLAS, TX (November 3, 2022) — ALM First, a strategic partner for depositories offering commission-free, fee-based advice, served as a consultant for Oregon Community Credit Union (OCCU, $3.2B, Eugene, OR) throughout their recent securitization process.
This is the credit union’s first asset-backed securities issuance and is only the fourth such securitization to be completed in the entire industry since the NCUA’s June 2017 Opinion Letter affirming credit unions could conduct securitizations. It marks the second time ALM First has served as an advisor on such a transaction.
“We assisted OCCU in gaining access to a broader investor market and profitably accessing liquidity,” said Travis Goodman, Principal of ALM First. “In our role as a trusted advisor, we help credit unions strategically navigate the securitization process, provide insights regarding where to price new loans for sale, and execute hedging strategies to lock in profit given the uncertain rate environment.”
“This securitization benefits members by building the financial strength of OCCU,” said Ron Neumann, OCCU president and CEO. “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 interactive teller machines.”
About ALM First
ALM First was founded in 1995 as a strategic partner for depositories, offering an array of financial advisory services. The firm’s expertise in asset liability management, investment management, balance sheet strategy, secondary market solutions, and specialty financial services, has allowed it to deliver deeper insights into financial institutions’ balance sheets, strengthening their performance and building efficiencies. With approximately $70 billion of investments under management (as of December 31, 2023), ALM First Financial Advisors is an SEC-registered investment advisor, acting as an unbiased third party, offering commission-free, fee-based services to over 300 financial institutions across the country.
In recent years, ALM First Group has expanded to include several wholly-owned subsidiaries including DDJ Myers, an ALM First Company and ALM First Executive Benefits, LLC. Driven by client needs, the firm now offers various services to help financial institutions optimize their greatest assets – their people.
About OCCU
OCCU was founded in 1956 in Eugene, Oregon. Today, as a not-for-profit financial cooperative, OCCU has more than $3 billion in assets and serves more than 250,000 members through digital channels and 12 Oregon branches in Eugene, Junction City, Keizer, Salem, Springfield and Wilsonville. Most members live in Oregon and the state of Washington. Others reside throughout the United States and even abroad, keeping their membership active through online and mobile banking. Learn more at
MyOCCU.org.
