Long-delayed audits of the four funds managed by the NCUA showed them to be in good financial health, the agency reported today.
NCUA Chairman Debbie Matz said the audits-which had been delayed because of the problems facing the corporate credit unions-came back "clean," without qualifications and indicate that the credit union community "can be assured that the agency's finances remain strong."
Increased assessments to credit unions, making up for a dip in investment income, caused the revenue of the NCUSIF to more than double last year, the NCUA reported today.
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