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Business Definition for: Central Liquidity Facility (CLF)
Central Liquidity Facility (CLF)
government corporation within the National Credit Union Administration (NCUA) that lends funds to member credit unions. Membership is voluntary. The CLF, which began operating in 1979, is capitalized by credit union contributions of capital stock and is authorized to make short-term and long-term loans to credit unions needing temporary financial assistance.
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