Credit Unions
Credit unions face increasing regulatory challenges. The role of the Supervisory Committee has become more time intensive. Crowleys DFK is very familiar with the legal set-up of credit unions including the changing regulatory environment under The Credit Union Act 1997. We have substantial experience and understanding of internal control requirements and corporate governance.
Our credit union Team has a deep understanding of the ethos and objectives of the movement. We know the commitment of the volunteer workers as well as that of the professional and administrative staff.
For over a decade we have acted for a number of credit unions, supporting the Supervisory Committees in the following areas:
Internal audit
- Identification of internal audit needs
- Preparation of audit plan
- General advice on business and office administrative issues
- Internal audit reports and recommendations for improvement
- Corporate governance
Audit
- Preparation of audit plan and reporting timetable
- Presentation of accounts
- Recommendations for improvements upon reviewing the audit report
Corporate Finance
- Preparation of business plans, budgets and cashflows
- Advice on valuations of investments
- Advice on financing of capital projects
Payroll Bureau
- Installation of payroll systems
- Employee training
Taxation
- Capital projects’ tax implications
- Negotiation and settlement of back taxes on untaxed wages
The approach we take to our work is based around excellent communications with our clients and an understanding of their needs. We provide timely pro-active advice by keeping up-to-date on developments within the Irish League of Credit Unions.
