NCUA Central Liquidity Facility Enhancements Act

This bill changes how credit unions can access the NCUA’s Central Liquidity Facility (a backup source of cash in a crisis). It lets the NCUA Board decide which individual credit unions can be covered by an “Agent” member, instead of requiring the Agent to cover all of them. In short, the Board gets more flexibility to include only some credit unions under an Agent, rather than all at once (the bill replaces “all those credit unions” with “such credit unions as the Board may in its discretion determine”) .

This could help the NCUA tailor emergency cash access to the credit unions that need it most, without forcing one-size-fits-all membership. The bill text does not list dates, fees, or new consumer rules—just this targeted change in how membership works .

• Who is affected: Credit unions and the NCUA Board (the agency that oversees them)
• What changes: The Board may choose which credit unions an Agent member covers, instead of covering all of them automatically
• When: No effective date is stated in the text provided