Credit unions have fared relatively well through the economic crisis, especially compared with other financial institutions. However, increased deposits and loans and growing market share bring their own unique challenges. In addition to balancing member loyalty with the need to build a prosperous institution, a credit union must meet added responsibilities in terms of board governance and supervisory committee member oversight as well as changing regulatory requirements.
Crowe is recognized as a leading provider of assurance services including:
With more than 50 years of experience working with credit unions, Crowe is one of the largest public accounting and consulting firms in the United States. We perform audits of many credit unions with more than $100 million in assets. We also are ranked sixth for total credit union assets audited, according to the “2014 Supplier Market Share Guide: Credit Union Auditors” by Callahan & Associates Inc.
For clients for whom audit conflict-of-interest limitations do not apply, Crowe offers a broad range of comprehensive services. Service areas include:
Crowe actively networks with and supports leading organizations and events associated with credit unions including the:
The new Financial Accounting Standards Board (FASB) standard for estimating expected credit losses means that financial institutions must now calculate credit impairment using a more forward-looking approach.
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