The NCUA announced that its four permanent funds received clean audit opinions for 2014, according to audited financial reports released by agency's Inspector General.
As of Dec. 31, 2014, the NCUA said the Share Insurance Fund had more than $11.9 billion in total assets. According to the agency, the fund protects individual deposits up to $250,000 for more than 98 million consumers at 6,350 federally insured credit unions.
KPMG LLP completed the audits of all four permanent funds, including the National Credit Union Share Insurance Fund, the Operating Fund, the Community Development Revolving Loan Fund and the Central Liquidity Facility.
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