The NCUA announced on Tuesday that its four permanent funds havereceived unmodified audit opinions for the year 2013, according tothe audited financial reports released by the agency.
|The audited financial reports from independent auditor KPMG LLPcover the National Credit Union Share Insurance Fund, the OperatingFund, the Community Development Revolving Loan Fund and the CentralLiquidity Facility.
|According to the NCUA, as of Dec. 31, 2013, the Share Insurance Fund had$11.6 billion in total assets. The fund protects individualdeposits up to $250,000 for almost 96 million consumers at 6,550federally insured credit unions.
|“The clean opinions from our independent auditors after theiraudits of the financial statements for the four permanent fundsagain demonstrate the diligence with which these funds aremanaged,” said NCUA Board Chairman Debbie Matz. “By making thecomplete financial reports public, we are living up to ourcommitments to provide transparency to credit unions and theirmembers.”
|The NCUA said KPMG LLP expects to issue an opinion on the 2013financial statements for the Temporary Corporate Credit UnionStabilization Fund next month. The agency noted that theStabilization Fund earned a clean audit opinion in 2012 aswell.
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