Credit Unions

In a stringent regulatory environment, compliance is critical to maintaining the long-term financial health of your credit union. You must stay current on financial reporting standards, make sure your senior executives and supervisory committee members understand their roles, and find ways to reduce risk throughout your organization.

Of course, compliance is only part of the picture for your credit union. To truly succeed as an institution and grow your membership, you must also seek out the best lending practices, manage interest-rate risk, and uncover new opportunities. To accomplish this, you need more than just an audit firm.

One key in your success is having an independent accounting firm—a trusted advisor—that understands credit unions and what makes them unique. When it comes to service, we recognize that one size doesn’t fit all. We work with credit unions whose total assets range from $10 million to more than $17 billion, and we tailor our services to your institution’s needs. We’re currently ranked one of the top three audit firms in terms of total credit union assets audited and one of the top four in terms of the number of credit unions audited (first in the Western region), according to the Callahan & Associates 2017 Supplier Market Share Guide: Credit Union Auditors.

Furthermore, our active involvement in credit union leagues and associations helps us stay current on the issues you face daily. We partner with the Association of Credit Union Internal Auditors, the National Association of Credit Union Supervisory and Audition Committees, and the Credit Union National Association, to name a few, contributing content to their webcasts, publications, and national conferences.


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CECL Accounting Guide

Download our guide, which serves as a practical and illustrative document to assist with CECL implementation efforts including information around the scope of the new standard, new disclosures that will be required, and a method of transitioning to CECL.


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Credit Union Index Report

The Credit Union Index is a summary analysis of credit unions by state. Developed by Moss Adams and produced quarterly, the report includes information regarding balance sheet and income statement performance metrics, asset quality, and capital adequacy. The information provided in the Credit Union Index is derived from call reports filed with regulatory agencies and is summarized by region or state and total asset size.


Insights


Article
ASU 2016-01 changes how financial institutions account for certain financial instruments. We look at the new FASB guidance and its effective dates.


Article
Financial institutions are facing one of the most fundamental changes to hit loan accounting in recent history, the Current Expected Credit Loss standard, known as CECL. Find out how you can prepare.

Guide
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases, which provides new guidelines that change the accounting for leasing arrangements.

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