News

WASHINGTON - The Central Liquidity Facility's lending cap would stay at $42 billion if Congress passes a measure to fund the government through September.

The NCUA should be more forthcoming about the terms of its deal with the Newport Beach, Calif.-based Pacific Investment Management Co., which it hired to determine the value of corporate credit union investments, said NAFCU President Fred Becker.

Any bill that funds the federal government should include a provision to keep the Central Liquidity Facility's loan ceiling at $41 billion, CUNA President/CEO Dan Mica wrote lawmakers today.

ATLANTA -- The NCUA Central Liquidity Facility is "using everything in its arsenal to keep liquidity flowing," Owen Cole, director of the agency's Office of Capital Markets and Planning, reminded credit unions.

ATLANTA -- With 8,100 credit union partnerships, the Federal Home Loan Bank said they represent its fastest growing segment and can play a big part in reconnecting to struggling global markets.

The consumer price index increased 0.3% last month, the Labor Department reported today. It was the first increase after three consecutive months of declines preceded by two months in which the CPI was unchanged.