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ARLINGTON, Va. — As the two items of NCUA’s budget that receive congressional appropriations take their legislative course, NAFCU encouraged lawmakers to apply historical levels for both the Community Development Revolving Loan Fund and the Central Liquidity Facility.

NAFCU Senior Vice President of Government Affairs Dan Berger wrote the Senate Appropriations Subcommittee on Financial Services and General Government asking that the CDRLF be replenished to $1 million and to maintain the $1.5 billion borrowing authority for the CLF. The House legislation, H.R. 2829, includes these appropriations levels. Additionally, NAFCU promoted increasing the funding for Treasury’s Community Development Financial Institutions program, which many credit unions participate in.

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