NCUA Central Liquidity Facility Enhancements Act

The NCUA Central Liquidity Facility Enhancements Act (S 2545) changes eligibility rules for credit unions to serve as agent members of the National Credit Union Administration's Central Liquidity Facility (CLF). It replaces a requirement that all eligible credit unions must be included with a provision allowing the NCUA Board to determine membership in its discretion. This gives the Board flexibility to set criteria for which credit unions can access the CLF's liquidity support. The bill directly affects credit unions seeking CLF participation, as the NCUA now controls membership decisions.