The NCUA announced on Monday the Temporary Corporate Credit Union Stabilization Fund received a clean audit opinion for the fifth consecutive year. The agency had previously announced on Feb. 18 it also received clean audits for the NCUSIF, Operating Fund, Community Development Revolving Loan Fund and Central Liquidity Facility.
"KPMG LLP, the independent firm that audits the stabilization fund's financial statements, issued an unmodified audit opinion with no reportable findings," the agency said on Monday.
The NCUA also said the stabilization fund's financial condition remained stable throughout 2013, "maintaining sufficient available liquidity to meet its obligations while its deficit net position continued to decline."
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