NCUA Says Four Permanent Funds Earn Clean Audit Opinions
The NCUA said Thursday that its four permanent funds have all received unqualified, or clean, audit opinions for 2011 and the agency has posted their financial reports online.
They are the Central Liquidity Facility, the Community Development Revolving Loan Fund, the operating fund and the NCUSIF, which protects deposits of up to $250,000 at federally insured credit unions used by more than 91 million consumers, the agency said.
An opinion about the 2011 financial statements from the Temporary Corporate Credit Union Stabilization Fund will be released in the coming months, the agency said. It will be from KPMG LLP, the firm that audited the other four funds.
By certifying the accuracy of our financial reports against recognized standards, our independent, outside auditors have confirmed the fair presentation of our financial statements. We have done our job well, as all four permanent funds once again earned unqualified opinions, and we had no reportable findings for 2011,” said NCUA Board Chairman Debbie Matz.