The NCUA announced Monday that the Temporary Corporate CreditUnion Stabilization Fund received a sixth consecutive clean auditopinion.
“KPMG LLP, the independent firm that audits the StabilizationFund's financial statements, issued an unmodified audit opinionwith no reportable findings,” an agency press release said.
According to the NCUA, the stabilization fund had a positive netposition for the first time, going from negative $142.2 million in2013 to positive $238.5 million in 2014. During 2014, the fund'sfinancial condition maintained adequate available liquidity to meetits obligations.
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