ALEXANDRIA, Va. (2/19/15)--The four permanent funds of the National Credit Union Administration have received clean audit opinions, according to reports released Wednesday by the agency's Office of the Inspector General.
Independent auditor KPMG LLP analyzed the agency's National Credit Union Share Insurance Fund, Operating Fund, Central Liquidity Facility and Community Development Revolving Loan Fund for the year ending Dec. 31, 2014.
"Again this year, our independent auditors have given our permanent funds clean opinions, reflecting the prudent management NCUA exercises," NCUA Chair Debbie Matz said.
According to the NCUA, KPMG expects to issue an opinion on the 2014 financial statements for the Temporary Corporate Credit Union Stabilization Fund in March. The fund earned a clean audit opinion for 2013.