NCUA Chairman Rodney Hood announced Tuesday the establishment of an agency Culture, Diversity, and Inclusion Council.
All 11 corporate credit unions have joined the NCUA Central Liquidity Facility, a move that will allow thousands of credit unions to apply for loans through the CLF, the NCUA announced Monday.
It will allow CLF coverage to be extended to more than 3,700 credit unions and increase the facility’s borrowing capacity by more than $13 billion, according to agency officials. All credit unions with assets of less than $250 million that are members of a corporate credit union are now eligible to apply for a loan from the CLF.
The NCUA will now count military personnel in determining whether a credit union qualifies for the agency’s low-income designation.
With the pandemic crisis taking up so much time and energy, it is understandable that people may forget about the everyday nuts and bolts of government.
Consider, for example, the NCUA board. The term of board member J. Mark McWatters expired in August. Sources in the credit union community said they have not heard any discussion of replacing him.