The NCUA announced on Monday the Temporary Corporate CreditUnion Stabilization Fund received a clean audit opinion for thefifth consecutive year. The agency had previously announced on Feb.18 it also received cleanaudits for the NCUSIF, Operating Fund, Community DevelopmentRevolving Loan Fund and Central Liquidity Facility.
“KPMG LLP, the independent firm that audits the stabilizationfund's financial statements, issued an unmodified audit opinionwith no reportable findings,” the agency said on Monday.
The NCUA also said the stabilization fund's financial conditionremained stable throughout 2013, “maintaining sufficient availableliquidity to meet its obligations while its deficit net positioncontinued to decline.”
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