The NCUA announced on Feb. 18 that its four permanent funds have received unmodified audit opinions for the year 2013, according to the audited financial reports released by the agency.
The audited financial reports from independent auditor KPMG LLP cover the National Credit Union Share Insurance Fund, the Operating Fund, the Community Development Revolving Loan Fund and the Central Liquidity Facility.
According to the NCUA, as of Dec. 31, 2013, the Share Insurance Fund had $11.6 billion in total assets. The fund protects individual deposits up to $250,000 for almost 96 million consumers at 6,550 federally insured credit unions.
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