Australian Central Credit Union last week launched its mortgage-backed security Light Trust No.2. The Australian Office of Financial Management is the cornerstone investor.For a total value of A$263 million, the ACCU RMBS issue consists of four tranches, all rated 'AAA' by S&P and Fitch, except for the Class B tranche, which is rated 'AA-'.Wide Bay modestly upsized (to A$434 million from A$400 million) and priced its WB Trust 2009-1 AOFM-backed RMBS issue, that was launched the week before. Of the 'AAA' rated tranches, A$108 million of Class A-1 notes with a weighted average life of 0.5 years, priced at 110 basis points over bank bills, A$283 million of Class A-2 notes with a 3.5 year weighted average life, priced at 140 bps over and A$1 million of Class A-3 notes with a weighted average life of 5.4 years, priced at 160 bps over.