Cadwalader Represents UNIFY Financial Credit Union in Inaugural Auto Loan Securitization

March 30, 2021

Cadwalader represented UNIFY Financial Credit Union as sponsor in its $300 million inaugural auto loan securitization, UNIFY Auto Receivables Trust 2021-1, collateralized by a pool of indirect, prime auto loans originated by UNIFY. The transaction represents only the second time a federal credit union has used securitization as a funding source. In 2019, the team at Cadwalader also represented the first credit union ever to complete a securitization. Stifel, Nicolaus & Company, Incorporated was the Initial Purchaser on both transactions.

The Cadwalader team was led by Capital Markets partners Ira Schacter and Peter Morreale and included capital markets associate Cathy Lian, Finance partner Jeffrey Nagle, Financial Restructuring senior counsel Peter Dodson and special counsel Kathryn Borgeson, and Tax partner Jason Schwartz and associate Alissa Kalinowski.



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