Fewer losses, portfolio growth and a decline in at-risk credit unions helped the NCUA beat budgeted expectations for the NCUSIF in 2011, the agency’s board reported Thursday.

According to a report from the meeting, the fund ended last year with $627 million when it had budgeted expected losses of $559 million. That allowed a transfer of $278.6 million from the NCUSIF to the Temporary Corporate Credit Union Stabilization Fund, the agency said.

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