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:
Contact Us

Other Movement News

Government Affairs

NCUA Board Nomination hearing in U.S. Senate

On Thursday, Oct. 19, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a confirmation hearing for several appointments, including Tanya Otsuka, to the National Credit Union Administration […]

ODFI seeks input on five-year rule review

For the dual charter system to work, both charters must compete and meaningfully drive the other to stay current, relevant, and strong. That is why the League has worked with […]
Member Benefits

League helps credit unions build a stronger future

As we approach the upcoming new year, the Ohio Credit Union League and the newly united national trade association, America’s Credit Unions, eagerly anticipate another year of advocating for Ohio’s […]