The NCUA's four permanent funds have received unmodified audit opinions for the year 2013.
Federally insured credit unions could potentially receive a rebate on corporate assessments, according to a Feb. 12 release from the NCUA. However, the final tally won't come until 2021, the regulator cautioned.
NCUSIF, operating fund, community development revolving loan fund and CLF all received clean opinions from KPMG.
Revealing the settlement's net gain could jeopardize ongoing negotiations with deep-pocketed Wall Street firms, NCUA's general counsel says.
JPMorgan Chase settlement eliminated future assessments, but NCUA won't reveal how much it paid in lawyer's fees.
Legacy asset performance and 2013 assessment reduces estimated outstanding corporate stabilization costs to less than $1.6 billion.
This Opinion piece looks at the NCUA's corporate credit union rescue and the accompanying assessments, and what's in store next.
Agency says at monthly meeting that four first-quarter liquidations have cost $75,000 in associated losses.
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.