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News Now

Washington
NCUA receives clean audits for permanent funds
ALEXANDRIA, Va. (2/19/14)--The National Credit Union Administration announced Tuesday that its four permanent funds received clean audits for 2013.

The audits, which were performed by KPMG LLP, cover the National Credit Union Share Insurance Fund, the NCUA's Operating Fund, the Central Liquidity Facility and the Community Development Revolving Loan Fund. The NCUSIF totaled $11.6 billion as of Dec. 31, 2013.

"The clean opinions from our independent auditors after their audits of the financial statements for the four permanent funds again demonstrate the diligence with which these funds are managed," NCUA Chairman Debbie Matz said.

"By making the complete financial reports public, we are living up to our commitments to provide transparency to credit unions and their members," she added.

A quarterly report on the NCUSIF will be released at Thursday's NCUA open board meeting.

An auditor opinion on 2013 Temporary Corporate Credit Union Stabilization Fund financial statements should be released in March, the agency said. That fund earned a clean audit opinion for 2012.


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