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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.
Information for Credit Union Homeowners Affordability Relief Program (CU HARP)
and Credit Union System Investment Program (CU SIP):
NCUA Audio Webcast:
Overview of CU HARP and CU SIP – December 16th 2008
CU HARP
CU SIP
Other Forms
Recent CLF Lending Activity:
|
Year
|
Gross Original Extensions of Credit
|
|
2004
|
$0
|
|
2005
|
$0
|
|
2006
|
$4.1 million
|
|
2007
|
$0
|
For further information on the Central Liquidity Facility see:
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