Central Liquidity Facility (CLF)

The CLF is a mixed ownership 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 NCUA. The President of the CLF manages the facility under the oversight of the NCUA Board.

Membership is voluntary and open to all credit unions that purchase a prescribed amount of CLF stock. There are two types of membership, regular (natural person credit unions) and agent (corporate credit unions).

Natural person credit unions may borrow from the CLF either directly as a regular member or indirectly through an agent member.

Recent CLF Lending Activity:

For further information on the Central Liquidity Facility see:

• Operating Circular 99-2: Regular Member Facility Advances -PDF

• 12 CFR Part 725 - CLF IRPS 01-2 (Central Liquidity Facility Advance Policy)

• National Credit Union Central Liquidity Facility Act, Subchapter III of the Federal Credit Union Act - PDF

• Central Liquidity Facility, Part 725 of the National Credit Union Administration Rules and Regulations -PDF

For more information on the CLF Please Contact:

Office of Capital Markets and Planning

J. Owen Cole, Jr., President               703 518-6620
Steve Sherrod, Vice President
Kim Iverson, Facility Loan Officer
Vicki O'Hara, Financial Analyst           703 518-6391

Monthly CLF Reports