The NCUA announced Monday that the Temporary Corporate Credit Union Stabilization Fund received a sixth consecutive clean audit opinion.
"KPMG LLP, the independent firm that audits the Stabilization Fund's financial statements, issued an unmodified audit opinion with no reportable findings," an agency press release said.
According to the NCUA, the stabilization fund had a positive net position for the first time, going from negative $142.2 million in 2013 to positive $238.5 million in 2014. During 2014, the fund's financial condition maintained adequate available liquidity to meet its obligations.
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