Financial & Auditing Services

Supervisory Committee Annual Review (Financial Audit)

Generally accepted auditing procedures with emphasis on review of the general ledger (accounting), lending and internal controls.

BSA/CIP/OFAC Compliance Review

Annual review of procedures and documentation relating to requirements of the Bank Secrecy Act (BSA), Customer Identification Programs (CIP) and Office of Foreign Assets Control (OFAC). Required annually as outlined in the Office of Foreign Asset Control and Section 326 of the USA Patriot Act regulations.

Special Services

Provide assistance with accounting record reconstruction, bank reconciliation, or forensic accounting. This ensures proper reconciliation of accounts and brings credit union records current. Special services also include loan reviews, collection reviews, allowance account adequacy reviews or specific reviews determined by management of the credit union.

Internal Audit Program

In-depth review of a credit union’s operations with customized contacts. The frequencies of visits are selected by the credit union, based on member services offered and the complexity of the operation.

ACH Audit

This audit is required by the National Automated Clearing House Association (NACHA) by December 31 of each year. Credit unions are required to conduct audits for compliance with the ACH rules according to Appendix Eight (Rule Compliance Audit Requirement). The purpose of the ACH Audit is to maintain the quality of ACH services and the satisfaction of participating financial institutions and their customers (members) by ensuring compliance.

Website Compliance Review

Select from a limited scope or expanded full scope website reviews. Limited scope conducts an review of the credit union’s website for compliance related items only.  The expanded full scope option reviews the website for regulatory requirements, as well as a review of web host vendor, regulatory review of third party vendors, credit union due diligence and site compliance with applicable Federal Reserve and NCUA applicable rules and regulations.





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Suite 300
Plano, Texas 75024
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