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- Q5061372 subject Q7037430.
- Q5061372 subject Q8288496.
- Q5061372 subject Q8426192.
- Q5061372 abstract "The Central Liquidity Facility (CLF) is a mixed ownership United States (U.S.) 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 National Credit Union Administration (NCUA). The President of the CLF manages the facility under the oversight of the NCUA Board.The Central Liquidity Facility was created by the U.S. Congress in 1998 with the National Credit Union Central Liquidity Facility Act, Subchapter III of the Federal Credit Union Act. The primary purpose of the CLF is to provide loans to credit unions to meet short or long term liquidity needs, acting as the lender of last resort. It performs the same general functions for credit unions that the Federal Reserve System performs for member banks.The Central Liquidity Facility is backed by the credit of the U.S. government. The Secretary of the Treasury is authorized to lend up to $500,000,000 to the Facility in the event the Board certifies to the Secretary that the Facility does not have sufficient funds to meet liquidity needs of credit unions.CLF is organized into five regional branches to serve different states. To become a member, credit unions purchase stock in the Central Liquidity Facility, at an amount equal to 1/2 of 1% of an average of six months of their unimpaired capital and surplus or $50 (whichever is greater).".
- Q5061372 wikiPageExternalLink index.htm.
- Q5061372 wikiPageWikiLink Q11832699.
- Q5061372 wikiPageWikiLink Q1817463.
- Q5061372 wikiPageWikiLink Q4215834.
- Q5061372 wikiPageWikiLink Q5172449.
- Q5061372 wikiPageWikiLink Q53536.
- Q5061372 wikiPageWikiLink Q5440173.
- Q5061372 wikiPageWikiLink Q7037430.
- Q5061372 wikiPageWikiLink Q745877.
- Q5061372 wikiPageWikiLink Q7863115.
- Q5061372 wikiPageWikiLink Q8288496.
- Q5061372 wikiPageWikiLink Q8426192.
- Q5061372 wikiPageWikiLink Q949761.
- Q5061372 comment "The Central Liquidity Facility (CLF) is a mixed ownership United States (U.S.) 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 National Credit Union Administration (NCUA).".
- Q5061372 label "Central Liquidity Facility".