The Temporary Corporate Credit Union Stabilization Fund turned a profit in 2011, improving the fund's net position from 2010, according to audited financial statements released Friday by the NCUA.

The agency also said it has received a clean report from its outside auditor.

The TCCUSF ended the year with a nearly $2 billion net income, primarily due to revenue from assessments on natural person credit unions that equaled $1.956 billion.

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