As expected, the NCUA’s Central Liquidity Facility audited financial statements reveal the liquidation of U.S. Central credit union exponentially shrunk the agency’s ability to fund industry liquidity needs. The CLF closed out 2012 with just $111.5 million in assets, down from more than $2 billion one year earlier.

The CLF financial reports were included in an NCUA audit release on Tuesday, in which the regulator reported receiving unqualified, or “clean”, audit opinions for 2012 in four areas: the CLF, Operating Fund, National Credit Union Share Insurance Fund and the Community Development Revolving Loan Fund.

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