In a stringent regulatory environment, compliance is critical to maintaining the long-term financial health of your credit union. You must stay current on financial reporting standards, make sure your senior executives and supervisory committee members understand their roles, and find ways to reduce risk throughout your organization.
Of course, compliance is only part of the picture for your credit union. To truly succeed as an institution and grow your membership, you must also seek out the best lending practices, manage interest-rate risk, and uncover new opportunities. To accomplish this, you need more than just an audit firm.
One key in your success is having an independent accounting firm—a trusted advisor—that understands credit unions and what makes them unique. When it comes to service, we recognize that one size doesn’t fit all. We work with credit unions whose total assets range from $10 million to more than $20 billion, and we tailor our services to your institution’s needs. We’re currently ranked one of the top two audit firms in terms of total credit union assets audited and one of the top four in terms of the number of credit unions audited (first in the Western region), according to the Callahan & Associates 2019 Supplier Market Share Guide: Credit Union Auditors.
Furthermore, our active involvement in credit union leagues and associations helps us stay current on the issues you face daily. We partner with the Association of Credit Union Internal Auditors, the National Association of Credit Union Supervisory and Auditing Committees, and the Credit Union National Association, to name a few, contributing content to their webcasts, publications, and national conferences.
The Current Expected Credit Losses (CECL) standard introduced significant accounting changes to the financial service industry. Here’s how your company can better implement the standard.
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