The Temporary Corporate Credit Union Stabilization Fund received a clean audit opinion for the fifth consecutive year.
Financial reports also reveal a continued decline in legacy asset credit ratings.
The NCUA's four permanent funds have received unmodified audit opinions for the year 2013.
NCUSIF, operating fund, community development revolving loan fund and CLF all received clean opinions from KPMG.
The Temporary Corporate Credit Union Stabilization Fund has received a clean audit opinion for 2012, the NCUA announced last week.
Board chair says audit shows agency is fulfilling its financial reporting responsibilities, will soon update system resolution costs.
NCUA chair touts stewardship of four agency funds.
Promotions, Hirings, Anniversaries
The Temporary Corporate Credit Union Stabilization Fund made progress against legacy asset losses in 2011, improving the fund’s net position from 2010, according to audited financial statements released by the NCUA. The fund also received a clean report from outside auditors.