FHLBs say credit union members have been asking them to seek inclusion as emergency liquidity providers.
Presidents of 12 Federal Home Loan Banks urge NCUA Board to consider them as an option to the CLF or Fed's Discount Window.
ALEXANDRIA, Va. — The NCUA’s proposed liquidity rule announced Tuesday did not include the FHLB as an emergency liquidity option.
The 87,000 member, $1 billion Meriwest Federal Credit Union, based in San Jose, Calif., has won a grant of $160,000 to help finance affordable housing in its community from the Federal Home Loan Bank of San Francisco.
Lower income members of the 221,000-member State Employees Credit Union of Maryland will now have access to programs which can help them buy their first homes.