CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact

News

Home » NCUA releases on-demand webinar on enhanced CLF
Policy & Issues

NCUA releases on-demand webinar on enhanced CLF

May 26, 2020
COVID

Credit unions will get valuable information on the regulatory and legislative enhancements made to the Central Liquidity Facility (CLF) during an on-demand webinar released Monday by NCUA. CUNA has asked NCUA to provide resources to credit unions providing clear guidance and information on CLF changes, as well as other changes made due to the pandemic.

This approximately 40-minute webinar is available on the agency’s website.

During the webinar, Owen Cole, president of the CLF, explains how the facility works and how it fits within a credit union’s broader liquidity risk-management program. He also provides an overview of recent changes to the Central Liquidity Facility made by the CARES Act and the NCUA Board.

NCUA Chairman Rodney Hood also provides introductory remarks during the webinar and encourages credit unions to consider joining the facility.

“While we hope for the best outcome, we must prepare for the possibility the Central Liquidity Facility will be a vital resource to help credit unions respond to the consequences of the COVID-19 pandemic,” Hood said. “The NCUA encourages any credit union that is not a member to join the Central Liquidity Facility.”

The CLF is a mixed-ownership government corporation created to improve the financial stability of federally insured credit unions. It provides the credit union system a vital contingent source of funds to assist with system-wide liquidity events.

Member credit unions own the Central Liquidity Facility, which exists within the NCUA. Joining the facility is voluntary.

KEYWORDS coronavirus NCUA
Credit Union Magazine: Spring 2022

Spring 2022

Credit Union Magazine’s Spring 2022 edition profiles four Credit Union Heroes and examines CUNA's advocacy priorities, the advocacy army, and financial well-being for all.
Digital Edition •  Subscribe

Trending

  • House passes CUNA-backed fair hiring bill

  • House committee to mark up field of membership modernization bill

  • Final flood Q&As reflect CUNA-sought clarifications

Tweets by CUNA_News

Polls

Are you ready for CECL?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2022 Credit Union National Association | ADA Compliance Notice & Legal
Email Us