Irish credit unions have emerged from a period of great turmoil and change in recent years. This transition has been and in some cases continues to be a painful experience for many credit unions.
The twin challenges of falling loan books and decreasing investment returns, coupled with increased regulatory and compliance obligations mean that more than ever, credit unions require trusted expert advisors to assist them in meeting these challenges.
With over 25 years experience advising the credit union sector, we offer credit unions specialist support, advisory and consultancy services that are tailored to their specific needs.
Our dedicated credit union team has developed an in-depth knowledge and understanding of the sector. In this changed regulatory and economic environment, we are intimately familiar with the various challenges and legislative requirements that credit unions face.
We have proven experience assisting credit unions to cope with the obligations arising from the Credit Union and Co-operation with Overseas Regulators Act 2012. This includes assisting in the implementation of strategic plans, managing stakeholders’ expectations, and developing and maintaining governance frameworks and control processes optimised for risk mitigation and cost efficiency.
We provide the following services:
- Statutory audit
- Internal audit
- Risk management
- Compliance services
- Loan book reviews
- Investment portfolio reviews
- Governance reviews
- Fixed asset reviews
- Transfers of undertakings accounting advice
- Financial accounting advisory services
- General business advice
- Book-keeping advice
- Management accounting
- Preparation and filing of returns to Central Bank
- Staff training
- Outsourced payroll
Contact a Credit Unions’ Specialist today:
What Our Clients Say:
“The people at Crowleys DFK are very knowledgeable about what is required for organisations like ours. They understand the workings of the Credit Union Sector.”