NCUA’s funds receive clean audit opinions
ALEXANDRIA, VA (February 16, 2022) — The National Credit Union Administration’s four funds again earned unmodified, or “clean,” audit opinions for 2021, according to audited financial statements released today by the agency’s Office of the Inspector General.
The complete 2021 financial statement audits(opens new window) are available on NCUA.gov.
The financial statements, audited by the independent auditor KPMG LLP, cover the National Credit Union Share Insurance Fund, the agency’s Operating Fund, the Central Liquidity Facility, and the Community Development Revolving Loan Fund.
The Share Insurance Fund, which held assets of $20.7 billion on Dec. 31, 2021, protects the deposits of more than 129 million members at more than 4,900 federally insured credit unions.
About National Credit Union Administration (NCUA)
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
