Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Four funds get clean audits NCUA
ALEXANDRIA, Va. (2/17/12)--The National Credit Union Administration (NCUA) has received "clean" audit opinions for its National Credit Union Share Insurance Fund (NCUSIF), Central Liquidity Facility, Community Development Revolving Loan Fund, and Operating Fund.

KPMG LLP completed the audits of the 2011 financial statements of all four funds.

NCUA Chairman Debbie Matz said the agency "takes its stewardship responsibilities very seriously" and works diligently to protect the NCUSIF and the other funds.

KPMG will issue its opinion on the Temporary Corporate Credit Union Stabilization Fund's 2011 financial statements in the coming months, the NCUA said.

The stabilization fund was created by the U.S. Congress in 2009 to provide flexibility to the NCUA as it worked to manage the impact of the costs to consumer credit unions associated with the troubled mortgage-backed securities purchased by the five failed corporate credit unions.

The stabilization fund received a clean--or unqualified--audit for 2010.

For the full KPMG audit opinions, use the resource link.
Other Resources

RSS





print
News Now LiveWire
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
46 minutes ago
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
11 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
11 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
14 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
17 hours ago