Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA receives clean audits for permanent funds
ALEXANDRIA, Va. (2/19/14)--The National Credit Union Administration announced Tuesday that its four permanent funds received clean audits for 2013.

The audits, which were performed by KPMG LLP, cover the National Credit Union Share Insurance Fund, the NCUA's Operating Fund, the Central Liquidity Facility and the Community Development Revolving Loan Fund. The NCUSIF totaled $11.6 billion as of Dec. 31, 2013.

"The clean opinions from our independent auditors after their audits of the financial statements for the four permanent funds again demonstrate the diligence with which these funds are managed," NCUA Chairman Debbie Matz said.

"By making the complete financial reports public, we are living up to our commitments to provide transparency to credit unions and their members," she added.

A quarterly report on the NCUSIF will be released at Thursday's NCUA open board meeting.

An auditor opinion on 2013 Temporary Corporate Credit Union Stabilization Fund financial statements should be released in March, the agency said. That fund earned a clean audit opinion for 2012.


RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
8 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
10 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
11 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
11 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
12 hours ago