FRB Discount Window

Demand for federal sources of liquidity is required for some credit unions due to NCUA's proposed rule on Maintaining Access to Emergency Liquidity (12 CFR Part 741). Corporate Central offers correspondent settlement of the Federal Reserve Bank's (FRB) Discount Window advances and payments once a member has established a Discount Window relationship with the Fed. Once enrolled, advances can be requested through the FRB for swift deposit into the member's Corporate Central account. When payments are due to the FRB, those payments will come out of the member's account at Corporate Central.