Asset Securitization Programs

Concentra offers securitization programs to credit unions nationally.  Asset securitization provides an additional source of funding that historically has been difficult to obtain for credit unions.  Concentra has the expertise to facilitate off-balance sheet financing for credit union assets.

In place of current market interest for specific programs, the Canada Mortgage Bond (CMB) program, which is government backed by the Canada Mortgage and Housing Corporation (CMHC), continues to provide liquidity and access to government funding.
 
Auto Loan
This program was developed to facilitate the securitization of credit union auto loan portfolios.  It requires extensive due diligence and qualification by an investment dealer and rating agency review.  The benefits to credit unions are access to capital market funding and capital relief.  Program availability is subject to market interest.
 
Commercial Mortgage
This program was developed to facilitate the securitization of commercial mortgages. It requires extensive due diligence and qualification by an investment dealer and rating agency review.  The benefits to credit unions are access to capital market funding and capital relief.  Program availability is subject to market interest.
 
Insured Residential Mortgage (Canada Mortgage Bond)
The Canada Mortgage Bond (CMB) program has played an integral role in providing liquidity to Canadian financial institutions and credit unions since 2001.  Market interest has continued unabated since this time.
 
Wide varieties of insured residential mortgages are eligible for securitization under this program and are known as NHA Mortgage Backed Securities (NHA MBS).  The benefits of this program to credit unions are liquidity and access to government funding.
 
As an approved issuer, Concentra can facilitate your credits union’s participation in the CMB program.  We also provide general guidance related to the program and administer reporting requirements.
 
Residential Mortgage
Working together, Canadian credit union centrals have developed this program through which credit unions may sell assets to institutional market investors. The benefits to credit unions are access to capital market funding. Concentra facilitates the sale and conducts the required due diligence reviews. Program availability subject to market interest.