NCUA’s Four Funds Receive Clean 2018 Audit Opinions

Opinions Cover Share Insurance Fund, Operating Fund, CLF and CDRLF

ALEXANDRIA, Va. (Feb. 15, 2019) – The National Credit Union Administration’s four funds earned unmodified, or “clean,” audit opinions for 2018, according to audited financial statements released today by the agency’s Office of the Inspector General.

The complete 2018 financial statement audits 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 $15.8 billion in assets on Dec. 31, 2018, protects the deposits of more than 115 million members at about 5,400 federally insured credit unions.