The Central Liquidity Facility (CLF) proposed 2025-2026 budget and the share insurance fund (SIF) quarterly report were the topics considered at yesterday’s monthly NCUA board meeting.

The CLF proposed 2025-2026 budget seeks an increase of approximately $140,000 from the 2024 budget. The proposed budget looks to cover:

• Providing CLF advances as needed;
• Increasing access to back-up sources of liquidity;
• Industry and stakeholder outreach; and
• Pursuing new efficiencies and automation in CLF operations.

The budget was unanimously approved by the NCUA board.

The SIF quarterly report covered third quarter ending Sept. 30. It found that that the fund recorded net income of $72.2 million, and total income was $145.8 million for the quarter. There is no change to the Normal Operating Level (NOL) recommended at this time. Staff will seek public comment on modifications to the NOL methodology early next year. 

America’s Credit Unions maintains that the SIF is in a strong position, and continues to oppose calls for structural changes to the SIF, including expanding the NCUA’s authority to assess premiums.

America’s Credit Unions will be presenting at today’s NCUA meeting to discuss the agency’s proposed 2025-2026 budget.