Submitted by sevans on Mon, 02/23/2015 - 2:58pm

In addition to a written liquidity policy, a FICU with assets of $50 million or more must have a contingency funding plan (CFP) that clearly sets out strategies for addressing liquidity shortfalls in emergencies. A CFP must include policies, procedures, projection reports, and action plans designed to ensure a credit union’s sources of liquidity are sufficient to fund operating requirements under contingent liquidity events.



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