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Changes to Credit Union Access to NCUA Central Liquidity Facility

This bill amends the rules for credit unions to be agent members of the Central Liquidity Facility. Until the end of 2027, the facility's board will have discretion over which credit unions can be members. After this date, all credit unions will again be able to become members, potentially impacting financial stability and service availability for credit union customers.
Key points
Until December 31, 2027, the Central Liquidity Facility board will decide which credit unions can be agent members.
Starting January 1, 2028, all credit unions will regain the ability to be agent members of the facility.
These changes may affect how credit unions manage their liquidity and access financial support.
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Status:
Expired
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Additional Information
A bill to amend the Federal Credit Union Act to provide a sunset for certain ways in which credit unions may be Agent members of the National Credit Union Administration Central Liquidity Facility.
Print number: S 5183
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2022-12-05
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Changes to Credit Union Access to NCUA Central Liquidity Facility

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 5183.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-05.

What are the main provisions?

Key points include:

  • Until December 31, 2027, the Central Liquidity Facility board will decide which credit unions can be agent members.
  • Starting January 1, 2028, all credit unions will regain the ability to be agent members of the facility.
  • These changes may affect how credit unions manage their liquidity and access financial support.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Padilla, Alex [D-CA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Analysis and Potential Impact of S 5183

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy