Profiles of Existing Government Corporations - US Government ...

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AppRopRuTI0149 To EQux7-r: None
OTBER EQUITY: $354,530,000
161
CORPORATION PROFILE
CU
GOVEUXF3T EQUITY UNIT: None specified in enabling legi6lation.
TOTAL1 NTEREST EXPENSE: S6,417,000d
INTERESTPAIDGDvFWMENT: S5,722,000
I-ST PAID OT?I?SS: $695,000
INTERESTlUCEIVED: $25,851,000
NOTES :
a.
b.
C.
d.
On July 18, 1984, the Deficit Reduction Act of 1984 was
signed into law making all operatione of the CLF tax exempt
retroactive to October 1, 1979. The National Credit Union
Administration (NCUA) provides the CLF with miecellaneoue
l ervicee and supplies. In addition, the employees of the CLF
are paid by NCUA. The CLF reimburses the NCUA on a monthly
baeim for these items.
Revenue includes interest on loans to members and income from
inveetm*nte.
The CLF's inveetmente are deposits in federally insured
financial institutions and shares and depoeitm in credit
unions.
Interest l xpenee includes intsrest paid to Federal Financing
Bank and on member deposits.
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$4