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How Will Higher Interest Rates Impact Credit Unions?



David A. Sayers, SVP of finance, accounting & operations at Maine Savings FCU, a $301 million institution based in Hampden, said the most immediate impact from higher interest rates will be on CUs' adjustable-rate loan products such as home equity and overdraft lines of credit as well as credit cards — products where rates contractually re-price when rates change. ...see original coverage...