ALEXANDRIA, Va. (2/19/13)--The National Credit Union Administration announced that all four of its permanent funds received unqualified, or "clean," audit opinions for 2012. The report covers the NCUA's National Credit Union Share Insurance Fund, the Operating Fund, the Central Liquidity Facility and the Community Development Revolving Loan Fund.
KPMG LLP completed the audits of all four permanent funds and expects to issue an opinion on the 2012 financial statements for the Temporary Corporate Credit Union Stabilization Fund in the coming months. The Stabilization Fund earned a clean audit opinion for 2011.
"Diligent stewardship of our funds and public transparency are both top priorities for the agency," NCUA Chairman Debbie Matz said when releasing the report results. She added that the independent auditor's clean opinions "lead me to say with full confidence that we have fully lived up to our commitments to credit unions, credit union members and their communities."
Use the resource link to access the financial reports.