About CLXchange

Although our clients include banks, CLXchange was created with credit unions in mind.  We created it to provide a simple and straightforward resource for credit unions interested in taking advantage of the benefits of purchasing participations. Through the thousands of lenders we have met over the last 15 years, the idea of a platform for this process began to take hold — a simple, straightforward location to buy or sell participations. One of our colleagues described it as a “dating site.”  We feel it goes beyond that modest description, but the platform needed to stay true to the reason it was created.

The credit union industry is entering a very unique time regarding commercial lending. Credit unions will have the ability to expand their loan holdings with commercial loans without the previous concerns over CAP management.

But as is true with all things, there is an upside and a downside. Along with the ability to participate at a greater level, NCUA will also be expecting greater due diligence and risk monitoring of these loans.

As it has always been, the final decision resides with the credit union. With the changing loan types and risk levels, the additional review by seasoned lenders provides that additional edge in the review process.