Instead of performing an opinion audit by completing a series of checklists, we ensure that we obtain an understanding of the credit union.  The time we spend in order to perform a satisfactory audit is mitigated by our experience in being able to quickly identify the areas that require greater scrutiny, without placing unnecessary demands on a credit union’s staff.

Assurance services include:

  • Opinion audits
  • Balance sheet only opinion audits
  • Supervisory Committee Guide Audits as required by NCUA Rules and Regulations Part 715
  • Merger due diligence reviews
  • TR-39 ATM network security compliance audits
  • Automated Clearing House (ACH) audits for both originating and receiving depository financial institutions
  • Teller of election services


Examples of advisory services we can perform for your credit union include:

  • Contract negotiations with core system and ancillary system vendors
  • Customer Relationship Management (CRM) facilitation
  • Core system and ancillary system selection
  • Strategic planning assistance
  • Forensic reviews and special investigations
  • Business process improvement

Risk Management

Credit unions have been managing the extent of various types of risk that impact their organizations through the establishment and maintenance of internal controls and the associated risk response.  The internal audit function exists to help determine the propriety and effectiveness of the control levels and responses.

We understand where the relevant risks are to your organization and can communicate effectively with you to help you understand and mitigate those risks.  Our expertise also allows us to provide expedient and tailored service levels, in order to help achieve our client’s objectives.

Examples of processes and functions where we can perform risk management and internal audit consulting services for your credit union include, but are not limited to:

  • Member Information Risk Assessment (in accordance with NCUA Rules and Regs 748, Part A)
  • Enterprise-wide Risk Assessment
  • Enterprise Risk Management
  • Credit Risk Management
  • Asset Liability Management methodology
  • Liquidity Risk Management
  • Vendor Management
  • Real Estate and Consumer Lending function
  • Indirect Lending Program
  • Member Business Loans and Participation Loans
  • Risk Based Pricing/Lending
  • Loan Modifications and Trouble Debt Restructures
  • Repossessions and Foreclosures
  • OREOs and Foreclosure administration
  • E-Commerce Risk Assessment
  • Mobile Banking
  • Enterprise Applications – Change Management and Access Controls
  • IT Governance/IT Project management
  • IT General Controls
  • Business Continuity Planning
  • Allowance for Loan Loss Methodology
  • Investor Reporting for Fannie Mae/Freddie Mac
  • Bank Secrecy Act and other anti-money laundering regulations
  • Mortgage and Consumer Lending Compliance
  • Deposit Operations Compliance
  • Investments/Treasury function
  • General Ledger Management and Financial Reporting
  • Accounts Payable and Purchasing Function
  • Red Flags/Identity Theft Compliance
  • Wire Transfers
  • Loss Mitigation
  • Negative Accounts/Overdraft Protection Program
  • Branch Reviews