Credit Unions

Together we’ll create opportunities 

Your organization faces more hurdles than ever before. With extensive knowledge of your industry, we can help your credit union navigate complex regulations, mitigate risks, and strengthen member-owner relationships.

We’re committed to addressing what matters most to you:

• Making smart decisions for your members
• A proactive and smooth audit process
• Compliance with regulations and laws
• Organization-wide understanding of changing accounting standards
• Loan growth
• Reliable IT security and risk management
• Keeping costs low and member satisfaction high
• Staying competitive while exploring new strategic initiatives

Experience our client-focused approach

Our proactive approach allows us to understand your goals and details about your business before we begin. Whether your priority is timeliness, local resources, or specific guidance, we’ll put together a team to address your specific needs. Our CPAs and consultants spend 100% of their time serving credit unions, which gives us a deep understanding of your issues. Ultimately, we treat you with the same care as you treat your members.

As an experienced advisor to credit unions nationwide, we serve federally and state-charted credit unions, credit union service organizations, and industry leagues and associations from coast to coast. We consistently talk to regulators and participate in industry organizations, including the AICPA task force, which means we can keep you abreast of trends and emerging topics. You also receive unlimited access to our financial institutions group throughout the year via phone and email to assist with everyday questions and concerns.

Services for credit unions

IT outsourcing services

• Cybersecurity
  • Internal network vulnerability assessments
  • Network and penetration testing
  • GDPR data impact assessment
• Managed services
  • Digital service strategy and deployment
  • Vendor IT risk management assessment
• Technology advisory and strategy
  • Contract assessment and advisory
  • Core/ancillary vendor system selection consulting
  • Electronic services administration
  • Outsourced technology advisor
  • System and Organization Controls (SOC) Reporting
  • Technology consulting and outsourcing

Industry-specialized services

• PPP Loan Forgiveness Assistance
• Asset liability model validation
• Back office co-sourcing solutions
• Fair lending
• Internal audit
• Loan portfolio analysis
• Loan review
• Outsourced credit analysts and loan review personnel
• Regulatory compliance
  • Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance
  • BSA/AML software testing
  • Website compliance testing
• Risk governance
• SAFE Act independence testing
• Supervisory committee audit

Audit, tax, and consulting

• Affordable Care Act reporting and compliance
• Audit and assurance, including certified audits, directors’ examinations, and internal control attestation
• CECL modeling and accounting
  • CECL allowance calculator
• Employee benefit plan audit, tax, and consulting
• Enterprise risk management
• Forensic accounting and fraud investigation
• Forensic auditing
• Fraud risk management
• M&A advisory and investment banking
• Renewable energy and utilities
• Sustainability and ESG
• Talent solutions
• Tax planning and compliance
• Transaction support
• Valuation
• Wealth advisory

Mortgage advisory services

• Mortgage compliance
  • Federal and state disclosure compliance
  • HMDA-LAR compliance assessments
  • MERS annual report assistance
• Mortgage quality control

Merger and acquisition services are offered through CliftonLarsonAllen Wealth Advisors, LLC, member FINRA and SIPC.