Liquidity Rule Requirements for Credit Unions – Effective March 31, 2014

Audit and Accounting

January 01, 2014
by Susi Massaro

Bookmark and Share
Susi Massaro Susi Massaro
Manager

View Profile
 
 
On October 24, 2013, the National Credit Union Administration finalized a new rule 12 CFR § 741.12, Liquidity and Contingency Funding Plans (the “liquidity rule”). The new liquidity rule, which is based on a three-tiered framework, requires all federally insured credit unions to formalize their liquidity and contingency funding plans by March 31, 2014. The new liquidity rule does not apply to corporate credit unions.

Average Rating:

Length: 2 pages (PDF 103 kB)



Rate this Article
*  =  required fields
Your Rating*
Name*
E-mail Address*
Company