Indiana-based Notre Dame Federal Credit Union raised $12 million in secondary capital, according to a news release posted on CBInsight.
Proceeds will be used to enhance Notre Dame FCU's capital base, increase its earnings by growing loans and deposits, and to fund its national expansion efforts.
The capital was secured from CU Secondary Capital Fund, a newly formed private vehicle created in a joint effort by CU Capital Market Solutions LLC and Olden Lane Advisors LLC. Notre Dame FCU worked with CMS, an Atlanta-based credit union service organization, to access the fund.
