Credit Unions
We work with your management team, supervisory committee and board to bring you timely, relevant and effective ideas and solutions. Taking your credit union to the next level.
Credit Unions
Credit unions must ensure they are providing the right experience for their members, while also addressing continued cybersecurity threats and infrastructure changes to ensure operational efficiency.
Work with a team of experienced professionals who understand how credit unions need to balance member experience, operational efficiency and technology enhancements.
Benefit from professionals specialized by both industry and service, providing your organization with insight and guidance. Our team understands credit unions’ dedication to supporting their members’ financial journey.
We know this dedication impacts the decisions credit unions make in their systems, processes and strategies. We can help your organization apply your mission to your financial and organizational structures to achieve your desired outcomes.
Services
Manage risk and compliance
- Regulatory compliance:
– Bank Secrecy Act (BSA)/USA PATRIOT Act and Foreign Corrupt Practices Act (FCPA)
– Anti-Money Laundering
– Fair lending and UDAAP
– Lending related regulations including TRID, RESPA, HMDA, Regulation Z, etc.
– Members shares related regulations
– Privacy/GLBA
– CFPB compliance
– Dodd Frank
– PCI (payment card industry) compliance - Comply with IRS requirements, including the filing of Forms 990 and 990-T
- Information technology and cybersecurity internal audits, including internal and external penetration testing
- Credit and operational risk consulting
- Enterprise risk management (ERM)
- Third-party data center reviews
- Conduct FIN 48 analyses and unrelated business income analyses
Gain assurance
- Financial statement audits
- Accounting for the allowance for loan and lease losses (ALLL)
- Employee benefit plan audits
- Analysis and implementation of accounting pronouncements (e.g., CECL)
- SSAE 18/SOC 1, SOC 2, SOC 3 and SOC for Cybersecurity reporting services
- Cybersecurity policy and program development
Optimize resources
- Project, program and change management
- Internal audit outsourcing and co-sourcing
Corporate governance consulting
- HR consulting and benefits administration
- Robotic process automation (RPA)
Solution focus: Member experience
Gain insight for effective decisions from our team’s years of experience working with credit unions: we devote time to understanding the issues our credit union compliance clients face, so your members benefit from solutions tailored to meet your organization’s unique needs.
Our services
Bank Compliance
Baker Tilly’s Compliance+ suite of services enables financial institutions to streamline regulatory processes, eliminate inefficiencies and achieve compliance with BSA, AML, CECL, ALM and cybersecurity solutions.
Cybersecurity
We provide cybersecurity services to maximize the confidentiality, integrity and availability of your critical information assets and reduce cyber risk.
Data Solutions
Capturing, understanding and leveraging the data that matters most and bringing it into focus is no trivial matter. Rely on our experience to drive your business forward.
Forensic Accounting
When critical situations arise, organizations count on Baker Tilly to deliver accurate and reliable financial analysis to help forge a path forward.
Tax
Contributing to clients’ success by accelerating tax deductions, increasing tax credits, reducing cash taxes and mitigating risks
Transaction Advisory Services
Baker Tilly’s transaction advisory services team provides straightforward advice to clients on every critical business decision before, during and after a transaction.
Related industries
Banking & Capital Markets
Specialized accounting, tax, compliance and advisory solutions tailored to capital markets, including banks, credit unions, mortgage lenders, specialty finance and more. Our bank consulting services empower you to navigate today’s dynamic financial services landscape with confidence and precision.
Community Banks
Faced with changing regulatory requirements, intense technology disruption and an accelerated M&A environment, community banks need specialized financial and operational solutions tailored to their size.
Bank Compliance
Baker Tilly’s Compliance+ suite of services enables financial institutions to streamline regulatory processes, eliminate inefficiencies and achieve compliance with BSA, AML, CECL, ALM and cybersecurity solutions.
Consumer Lending
Baker Tilly lending industry professionals collaborate with mortgage, student loan, automotive and other lending organizations to enhance analytics and process governance.
Financial Institutions
The financial institutions industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.
Our professionals
