The NCUA's September economic video review is another three-part series that includes a final pitch for credit unions to finalize a new emergency liquidity provider before U.S. Central Bridge Corporate FCU closes later this month.
The third, six-minute segment – released Monday – includes a liquidity discussion between Chief Economist John Worth and J. Owen Cole, Jr., director of capital markets in the Office of Examination and Insurance.
The two discuss the consequences of U.S. Central's closing on the Central Liquidity Facility and how it cuts off more than 6,000 credit unions from their emergency liquidity source.
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