Navigating Liquidity: The Role of the Central Liquidity Facility

This chapter explores the Central Liquidity Facility (CLF) and its critical support for credit unions amidst financial crises, with a focus on historical contexts such as the Great Recession. It discusses enhancements introduced by the CARES Act, including expanded borrowing capabilities and the addition of corporate credit unions as members. Ultimately, the chapter emphasizes the need for permanent provisions to ensure continuous liquidity support for credit unions in future economic challenges.