Financial Institutions

Credit Unions

We have a broad base of experience to meet the needs of our credit union clients throughout the western states. Our services include:

Audits
Supervisory examinations
Loan portfolio reviews
Internal control reviews
Regulatory compliance reviews
Business planning
IT security assessments and consulting
Board and Supervisory Committee training
Strategic and other business planning
Outsourced internal audit
Tax preparation and planning for CUSOs

Case Histories

Moss Adams was engaged by a credit union to perform an Internet security assessment. During this assessment, we determined that the credit union’s firewall was configured incorrectly, which provided a security risk to the credit union. As a result, the credit union was able to reconfigure the firewall correctly to provide the needed protection to its data processing systems.
As a result of the increased regulatory scrutiny over the Bank Secrecy Act and Anti-Money Laundering regulations, a credit union client of Moss Adams engaged us to perform a compliance review. As a result of the review, numerous issues were identified where the credit union’s policies, procedures, and risk assessment processes needed to be revised and strengthened.
A credit union client made a significant investment in purchasing a financial services business. The purchase involved intangible assets as well as goodwill. Given that this was new accounting territory for the credit union, Moss Adams was able to assist management in the proper accounting treatment and valuation processes needed for compliance with Generally Accepted Accounting Principles.
Moss Adams was engaged by a credit union client to perform a business valuation of a mortgage lender which it was considering to purchase. As a result, we were able to assist this client in an appropriate purchase price as well as provide purchase agreement considerations that would benefit and protect the credit union in consummating the purchase transaction.