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Saying that the credit union system remains healthy but may need added liquidity, NCUA Chairman Rodney Hood asked the Senate Banking Committee Tuesday to extend the provisions of pandemic-related legislation that provided the agency’s Central Liquidity Facility with increased borrowing authority.
“While economic conditions are improving, the effects of the recent downturn will likely affect credit union performance through the end of the year and into 2021,” Hood said during a committee hearing featuring financial regulators.
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