Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

Loans to Credit Unions

December 11, 2008
Policy Area: 
Economic Target: 
Action Type: 
Maximum Amount: 
$41.00 billion
Amount Spent: 
$10.00 billion

Loans from the National Credit Union Administration’s Central Liquidity Facility to subsidize funding to help credit unions modify mortgages and to facilitate lending by financing corporate credit unions. Loans split equally between U.S. Central and WesCorp ($5 billion lent to each).


NCUA is the National Credit Union Administration.  Deficit impact is unknown.

Amount spent indicates money spent as of 8/7/2009.  See tables appended to CBO Director Douglas Elmendorf's Congressional testimony on 1/28/2009:

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