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

Audit and Accounting

January 01, 2014
by Susi Massaro

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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.

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