NCUSIF, operating fund, community development revolving loan fund and CLF all received clean opinions from KPMG.
The NCUA will consult with Congress on a possible legislative remedy to modernize the Central Liquidity Facility, according to the regulator’s annual report.
Appropriations Committee approves 2013 bill that maintains 2012 funding for Community Development Revolving Loan Fund, full CLF borrowing authority.
When is an IOU not an IOU? That was the question on the mind of Mike Doland, executive vice president at ABNB FCU in Virginia, when he advised the credit union’s vice president for finance, Anthony Duncan, to send a letter to the Central Liquidity Facility, the federally operated organization overseen...