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These are exciting times for credit unions. Membership is growing rapidly. There is an unprecedented interest rate environment and new regulations are increasing exponentially. Our credit union team can help you explore opportunities and meet your challenges in innovative ways.

Credit unions

On guard to protect your credit union and its members

Staying focused on improving the bottom line and attracting and retaining members are challenges in the best of times. But in the post-recession era, it is even more difficult. Credit unions are entering unchartered waters and facing new risks week after week.

As a leader you are probably learning to manage through delinquency and charge offs, dealing with foreclosed real estate, and constantly searching for effective investment alternatives. Risk is more than compliance in this environment. Our Plante Moran credit union team can help you look at risk from all angles and develop a comprehensive approach to manage it.

The way you manage the risk can seriously affect the reputation of your organization as well as the safety of your members’ funds.

Help dealing with risk management pressures

The regulatory compliance experts on our credit union team are well positioned to help you understand the impact of the new regulations. You will appreciate their hands-on approach and their knowledge of industry best practices as they help you develop and implement responses that will fit your specific situation.

You can depend on them for help complying with everything from Red Flag requirements to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) legislation. They also can collaborate with their colleagues who specialize in internal audits, loan reviews, and information security to offer you an efficient, effective, and comprehensive risk management approach.

You will particularly appreciate the thoroughness and experience of our credit union team when it comes to financial statement audits. You can rely on them for accurate information to make decisions and provide financial integrity for your members.

Compliance experts focused on serving credit unions

The credit union team includes CPAs, compliance experts, technology specialists, risk management professionals, management consultants, forensic accountants, and real estate advisors. They serve more than 250 financial institutions ranging in size from $100 million to more than $7 billion in assets.

You benefit from this experience because it enables them to help you anticipate challenges, take advantage of opportunities, improve your operations, and plan for the future.

Especially developed menu of services for credit unions

Plante Moran experts are always on guard to protect your credit union and its members. Our professionals on the credit union team offer a menu of specialized services designed to help you meet the challenges you face in building a strong organization and serving your members.

Financial Statement Audits

Plante Moran auditors have been serving credit unions for decades, so you can rely on them to know the risks and opportunities you face. You can also depend on them to offer more than compliance. Our credit union accounting and auditing team will provide meaningful recommendations for efficiency and control improvements as part of their audit reports.

Internal Audit

The internal audit team will use a methodology that focuses on processes and procedures as well as transactional-based testing. To provide an evaluation of the control environment, it is essential to understand and evaluate the design of the processes and procedures. In addition, our internal audit team will use transactional-based testing to validate that the processes and procedures function effectively.

Tax Consulting

We have tax professionals who understand credit unions. They stay on top of regulatory and legislative issues as well as trends. Therefore, they will come to your engagement knowing that unrelated business income tax (UBIT) reported on Form 990-T is a hot issue.

Real Estate Advisory Services

Our real estate advisors are accustomed to helping credit unions with their real estate strategies. Each comes with a unique and complicated set of objectives and challenges. Whether it’s a corporate headquarters or branch location, our real estate advisors have the comprehensive expertise necessary to help you manage the entire project.

Regulatory Compliance

The Plante Moran regulatory compliance consulting professionals can help you sift through the regulations and decide which ones your credit union has to comply with and the best way to comply. Our regulatory compliance consulting services will help you simplify, thereby minimizing the impact and maximizing the benefits.

Succession Planning

If you are like most credit unions, you know several years in advance that your CEO is going to retire. Have you considered that replacing him or her might be a difficult task?

“We’ve enjoyed a great working relationship with Plante Moran for more than 15 years. Their proactive business advise had benefited us in a variety of areas, but I think what ‘s most impressive is their commitment to understanding our needs and tailoring specific solutions to them. It’s that personal attention that separates Plante Moran from other firms., You can tell they really care.”

Allan Kemp McMorris, President & CEO
Oakland County Credit Union