The Central Liquidity Facility's membership, assets and stock dividend rate grew in the first quarter of 2014, the NCUA announced on Friday.
CLF membership grew to 218 credit unions from 129 at the end of the first quarter of 2013. Assets increased to $180 million from $115 million at the end of the first quarter of 2013. Retained earnings reached $27.8 million from $27.4 million in the same time period while the maximum legal borrowing authority grew from $2.4 billion to $3.8 billion in the first quarter of 2014.
The stock dividend rate for the CLF went from the .10% rate paid quarterly since the fourth quarter of 2012 to .25% in the first quarter of 2014, the agency said in its announcement.
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