We have over 20 years’ experience working with credit unions and offer a wide range of services to address the challenges and opportunities they face.
Crowe understands the key considerations for credit unions:
- Business Model Development
- Embedding the strategic plan at both Board and operational levels
- Prudent loan growth – developing and implementing plans to achieve goals
- Fully embedding risk, compliance and internal audit functions
- Setting realistic financial projections
- Regular review of financial performance
- Growth strategy – organic or acquisition?
- Technology – to meet members’ needs into the future
We also understand the increasing challenges credit union board members face with regulatory and reporting requirements. There is a significant time investment required in carrying out their duties and they may require assistance in keeping abreast of developments in the sector, particularly as they are removed from the day-to-day management. In addition, difficulties both in finding suitable
lending opportunities among their membership and dealing with managing funds/investments make board membership an onerous task. Our specialist team is here to help the
board and executive management of the credit unions deal with these issues and the control environment which should
surround these functions.
In today’s environment it is key that credit unions are proactive in planning for the future within the regulatory framework.
