January 19, 2008 – 6:33 pm

The NCUA Central Liquidity Facility is a mixed ownership government corporation
created to improve the general financial stability of credit unions by serving as a liquidity lender to credit unions experiencing unusual or unexpected liquidity shortfalls. Member credit unions own the CLF which exists within the NCUA. The President of the CLF manages the facility under the oversight of the NCUA Board.

Membership is voluntary and open to all credit unions that purchase a prescribed amount of CLF stock. There are two types of membership, regular (natural person credit unions) and agent (corporate credit unions).

Natural person credit unions may borrow from the CLF either directly as a regular member or indirectly through an agent member.

MONTHLY REPORTS

  1. 3 Responses to “National Credit Union Administration – Central Liquidity Facility”

  2. What is the FED new lending facility all about? If a company puts up mortgage back securities as collateral for a loan from the Federal Reserve, what happens if the owners default? Are companies ‘refi’ their debt with this new liquidity?

    By letting on Mar 4, 2009

  3. I don’t thing so. The companies won’t ‘refi’ their debt with this new liquidity.

    By dj perth on May 24, 2009

  4. Great blog and thanks for the post! cant wait for more. Keep up the good work x

    By Psychic Net on May 29, 2009

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