NCUA reports all 4 permanent funds get ‘clean’ audit opinions for 2017

All four permanent funds at the National Credit Union Administration (NCUA) – the Operating Fund, National Credit Union Share Insurance Fund (NCUSIF), Central Liquidity Facility (CLF) and Community Development Revolving Loan Fund (CDRLF) – received unmodified, or “clean,” audit opinions for 2017 from the agency’s independent auditor, KPMG LLP, according to financial statements released by the NCUA Office of Inspector General.

The NCUSIF, which protects the deposits of more than 110 million members at more than 5,600 federally insured credit unions, held more than $16.6 billion in total assets as of Dec. 31, 2017.

The NCUA Board closed the Temporary Corporate Credit Union Stabilization Fund effective Oct. 1, 2017, merging it with the Share Insurance Fund. The final Stabilization Fund audit report was completed on Nov. 15, 2017.

NCUA 2017 permanent fund audits

Corporate Stabilization Fund (closed) 2017 audit