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Transaction Details (By Closing Date)

Home > Credit Union Resources and Information > For Corporate Credit Unions > NCUA Guaranteed Notes (NGN) Program > Transaction Details (By Closing Date)

The NGN Program is a series of thirteen securitization transactions. The terms and characteristics of each securitization vary and the table below provides a summary of each transaction.

Trust Name	Trust Type	Collateral Type	Closing Date	Note Tranches	Issued Balance	Contributing AMEs	Fixed/ Floating	Coupon	Cap	Maturity Date
2010-R1	Grantor Trust	Private Label RMBS	October 27, 2010	I-A	3,280,000,000	US Central	Floating	Libor+ 0.45%	7%	October 7, 2020
2010-R1	Grantor Trust	Private Label RMBS	October 27, 2010	II-A	566,500,000	US Central	Fixed	1.84%	N/A	October 7, 2020
2010-C1	REMIC	CMBS	November 10, 2010	A1	613,200,000	US Central Western Corp	Fixed	1.60%	N/A	October 29, 2020
				A2	1,360,800,000		Fixed	2.90%	N/A
				A-PT	1,786,000,000		Fixed	2.65%	N/A
				C (Not Offered)	179,000		See Offering Memorandum	N/A	N/A
2010-R2	Grantor Trust	Private Label RMBS	November 17, 2010	I-A	2,620,000,000	US Central	Floating	Libor+ 0.37%	7.0%	November 6, 2017
						Western Corp
						Members United
						Southwest
				II-A	2,862,000,000	US Central	Floating	Libor+ 0.47%	7.0%	November 5, 2020
						Western Corp
						Members United
						Southwest
2010-R3	Grantor Trust	Private Label RMBS	December 9, 2010	I-A	1,548,000,000	US Central	Floating	Libor + 0.56%	8.0%	December 8, 2020
						Western Corp
						Members United
						Constitution
						Southwest
				II-A	1,600,200,000	US Central	Floating	Libor + 0.56%	8.0%	December 8, 2020
						Western Corp
						Members United
						Constitution
						Southwest
				III-A	370,000,000	US Central	Fixed	2.40%	N/A	December 8, 2020
						Western Corp
						Members United
						Constitution
						Southwest
2010-A1	Grantor Trust	Private Student Loans	December 17, 2010	Senior	1,160,863,000	US Central	Floating	Libor + 0.35%	7.0%	December 10, 2020
						Western Corp
						Members United
						Southwest
2011-R1	Grantor Trust	Private Label RMBS	January 27, 2011	Senior	1,511,000,000	US Central	Floating	Libor + 0.45%	8.0%	January 8, 2020
						Western Corp
						Members United
						Constitution
						Southwest
2011-R2	Grantor Trust	RMBS	February 11, 2011	Senior	1,253,000,000	US Central	Floating	Libor + 0.40%	8.0%	February 6, 2020
						Western Corp
						Members United
						Constitution
						Southwest
2011-C1	Grantor Trust	CMBS	February 28, 2011	I-A	235,000,000	Western Corp	Floating	Libor + 0.33%	None	February 28, 2020
				I-A	235,000,000	Members United	Floating	Libor + 0.33%	None	February 28, 2020
				II-A	605,000,000	US Central	Floating	Libor + 0.53%	8.0%	March 9, 2021
						Western Corp
						Members United
						Constitution
2011-R3	Grantor Trust	RMBS	March 1, 2011	Senior	1,096,000,000	US Central	Floating	Libor + 0.40%	8.0%	March 11, 2020
						Western Corp
						Members United
						Southwest
						Constitution
2011-R4	Grantor Trust	Private Label RMBS	March 31, 2011	Senior	1,525,000,000	US Central	Floating	Libor + 0.38%	7.5%	March 6, 2020
						Western Corp
						Members United
						Southwest
2011-R5	Grantor Trust	Private Label RMBS	April 14, 2011	Senior	1,165,000,000	US Central	Floating	Libor + 0.38%	7.5%	April 6, 2020
						Western Corp
						Members United
						Southwest
						Constitution
2011-R6	Grantor Trust	Private Label RMBS	May 5, 2011	Senior	965,000,000	US Central	Floating	Libor + 0.38%	7.5%	May 7, 2020
						Western Corp
						Members United
						Southwest
						Constitution
2011-M1	Grantor Trust	RMBS Student Loan ABS Receivable ABS Corporate Debt CDOs	June 15, 2011	A1	730,000,000	US Central	Floating	Libor + 0.02%	None	June 12, 2013
				A2	425,000,000	Western Corp	Fixed	1.40%	None	June 12, 2015
				A3	380,000,000	Members United	Fixed	2.35%	None	June 12, 2017
				A4	300,000,000	Southwest	Fixed	3.00%	None	June 12, 2019
				A5	375,000,000	Constitution	Fixed	3.45%	None	June 12, 2021
Issued BalanceTotal					28,332,742,000

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