“Clean” audit opinions were given to four funds operated by the federal credit union regulator, the agency said Tuesday.
The unmodified audited financial statements are for the four funds run by the National Credit Union Administration (NCUA) – the National Credit Union Share Insurance Fund (NCUSIF), the agency’s operating fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF).
The agency said the funds’ financial statements were audited by the independent auditor KPMG LLP.
NCUA also noted that the NCUSIF is the credit unions’ federal savings insurance fund, and that it held assets of $20.7 billion at the end of last year. The fund insures savings of more than 129 million credit union members in more than 4,900 federally insured credit unions, the agency said.