Central Liquidity Facility Access
The CLF is a mixed ownership Government corporation within the NCUA owned by its member credit unions and managed by the NCUA board. The purpose of the CLF is to act as a credit union system contingent liquidity source to improve the general financial stability by providing member credit unions with a federal backstop source of loans to meet their liquidity needs.
The NCUA is encouraging credit unions to become direct CLF members. For Full Members of Corporate Central that become CLF members, we can perform the role of Correspondent. With a Correspondent CLF relationship, Corporate Central can assist with paperwork, loan disbursements, payments, and other administrative duties to assist members and the CLF; however, capital funding for a Correspondent CLF relationship must be made directly from the credit union, not by Corporate Central. You can find more information related to the CLF on the NCUA website.