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As I remember all credit unions are required to park a percent of their reserves with this credit union.

That is not correct. None of the assets in our organization is in US Central.

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From Wikipedia: "U S Central Federal Credit Union is the largest corporate credit union in the United States. Unlike consumer driven credit unions (referred to as “natural person” credit unions in the industry), US Central provides its services only to other corporate credit unions, in effect acting as the “corporate credit union's credit union”. The organization was founded in 1974.

US Central does not serve consumers directly, a role fulfilled by consumer credit unions, it was instead established to serve the credit union industry by providing opportunities for investments through government approved instruments and providing liquidity (credit) needs to regional and state corporate credit unions which need them. US Central also provides other industry standard services such as payment systems, Electronic Funds Transfer Services and item processing. The organization also provides economic services and forecasts specific to the credit union industry. Many of its operations and services parallel that of a central bank, except it serves corporate credit unions rather than commercial banks."

From the above I gather it is the central bank of all credit unions. I know that our credit union is required to put a portion of our reserve with corporate credit union. Perhaps that corporate is a subsidiary of this big credit union.