Corporates Anticipate Senate CLF Deliberations
WASHINGTON-Association of Corporate Credit Unions Chairman Bruce Fahnestock said the group is highly interested in the Senate's action on credit unions' Central Liquidity Facility. "We look forward to working with the Senate after the summer recess to complete the action on appropriations for the Central Liquidity Facility," Fahnestock, president and CEO of Volunteer Corporate in Nashville, Tenn., said. "We are pleased that the House appropriators are continuing the CLF funding at the $1.5 billion level, although we continue to support lifting the cap entirely. "The corporate credit union network has a long history of representing our member credit unions as agents for the CLF. We will continue to provide this valuable source of liquidity as a member benefit."