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News Now

Washington
NCUA webinar will detail present future states of CLF
ALEXANDRIA, Va. (8/7/09)--The National Credit Union Administration (NCUA) on Monday will hold a webinar to discuss recent changes to the structure and operations of the Central Liquidity Facility. The webinar, which will be hosted by CLF President J. Owen Cole, will take place at 2 p.m. on Monday and will offer credit unions an opportunity to speak directly with the NCUA via a question and answer session. Cole will also discuss some of the near-term changes to the CLF that are currently under consideration during the webinar. The NCUA last week announced that it transferred $1.8 billion in CLF funds from U.S. Central Federal Credit Union to the U.S. Treasury. The NCUA at that time said that it is also exploring "alternatives regarding the transfer of primary ownership of CLF stock from [U.S. Central] to other credit unions or groups of credit unions through the anticipated reforms to the corporate network." Interested parties can register for the webinar at http://ow.ly/jhUX.


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