MADISON, Wis. (2/3/15)--A new webinar from the Credit Union National Association aims to address struggles credit unions may have with the National Credit Union Administration's (NCUA) final liquidity rule.
"Credit Union Access to Liquidity" is scheduled for 10-11:30 a.m. (CT) Feb. 11 and will feature Gail Kenyon, NCUA vice president of central liquidity facility and senior capital market specialist, and Toby Trocchio, manager of credit risk management at the Federal Reserve Bank of Cleveland.
The rule, effective March 31, 2014, requires all federally insured credit unions to have a liquidity policy. It also breaks down requirements by asset size:
The session will provide an overview of the rule's requirement for credit unions of all sizes, identify resources for emergency federal external liquidity, describe the Fed discount window and CLF, and share best practices for setting up access to liquidity resources.
The webinar targets credit unions with more than $50 million in assets, chief financial officers, CEOs, operations and compliance employees and board members. Affiliation with CUNA or a state credit union league is required.