ALEXANDRIA, Va. (2/17/16)--The four permanent funds of the National Credit Union Administration (NCUA), which includes the National Credit Union Share Insurance Fund (NCUSIF), have clean audit opinions for 2015, according to reports released Tuesday by the agency's Office of the Inspector General.
The three other funds covered by the reports, prepared by the independent auditor KPMG LLP, are the NCUA's Operating Fund, the Central Liquidity Facility and the Community Development Revolving Loan Fund.
NCUA Chair Debbie Matz said credit for the good results goes to "all the staff members who work so hard to ensure the stability of the permanent funds.”
The NCUSIF, which protects member deposits up to $250,000 for more than 100 million consumers at more than 6,000 federally insured credit unions, held more than $12.3 billion in total assets as of Dec. 31, 2015, according to an agency release.
The agency release added that KPMG expects to issue an opinion on the 2015 financial statements for the Temporary Corporate Credit Union Stabilization Fund in March. That fund earned a clean opinion for its 2014 audit.