Bill introduced to extend Central Liquidity Facility flexibility

Published by: Jared Weiser

December 14, 2022 | Regulatory

Regulatory flexibility is key to ensuring credit unions can continue doing what they do best: serving members. That’s why the League partnered with CUNA and other state credit union leagues to ensure credit unions with less than $250 million in assets can maintain access to the Central Liquidity Facility (CLF) through corporate credit unions. The CLF is a vital liquidity lifeline for credit unions as inflation drives interest rate pressures. Initially included in pandemic-related federal regulatory relief, temporary CLF flexibility expires at year-end. The recent introduction of S.5183 would amend the Federal Credit Union Act to enable corporate credit unions to assist smaller credit unions access the CLF through Dec. 31, 2027. The League will continue to advocate for CLF flexibility so credit unions can balance operational liquidity needs and critical member service and financial needs.

Contact Jared Weiser for questions or assistance.

Jared Weiser
Jared Weiser Director, Legislative Affairs E: jweiser@ohiocul.org
Contact Us

Other Movement News

Government Affairs

Members connect with U.S. Senator J.D. Vance

Credit union advocacy strength is built by the willingness of Ohio credit unions to go above and beyond to advocate for 3.2 million members. Last week, dozens of credit union leaders joined the League for a meeting with U.S. Senator J.D. Vance (R-Ohio) to discuss the successes and challenges facing credit unions and their members in his home state.
Regulatory

Are you keeping up with recent changes to regulatory laws and regulations?

As we start a new year, it is essential that credit unions have a review process for policies and procedures. As the financial industry evolves, so should the resources and guidelines that the credit union follows. As part of your annual League membership, making these updates is more accessible than ever.
Member Benefits

Three tips to assist your members in reaching their financial goals

February is a great time to check how those New Year's Resolutions are doing. Assist your members with plans to reach short and long-term financial goals by downloading the February Monthly Marketing Toolkit, a complimentary resource as part of your League membership, which provides tips to share with your members. This toolkit from the League each month provides timely, basic, helpful content to use in your credit union's communication channels (newsletters, websites, blogs, social media, etc.).