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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).
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46:. The primary purpose of the CLF is to provide loans to credit unions to meet short or long term liquidity needs. It performs the same general functions for credit unions that the
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The
Central Liquidity Facility is backed by the credit of the U.S. government. The CLF may borrow up to 12 times its subscribed capital stock and surplus (12 USC 1795f(a)(4)(A)).
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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
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27:) is a mixed-ownership United States (U.S.) government corporation created to improve the general financial stability of credit unions by serving as a
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experiencing unusual or unexpected liquidity shortfalls. Member credit unions own the CLF which exists within the
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109:"National Credit Union Administration - Central Liquidity Facility"
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134:"Title III—Central Liquidity Facility"
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223:Bank regulation in the United States
84:National Credit Union Administration
60:The Central Liquidity Facility is a
37:National Credit Union Administration
228:Credit unions of the United States
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187: This article incorporates
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173:Cornell University Law School
50:performs for member banks.
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175:. Retrieved June 21, 2017.
21:Central Liquidity Facility
193:United States Government
44:Federal Credit Union Act
89:US Central Credit Union
189:public domain material
79:Corporate credit union
62:501(c)(1) organization
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169:Internal Revenue Code
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