Sectors

Credit Unions

The Credit Union sector is currently undergoing fundamental change. In addition to dealing with day to day operations, management and staff face increased regulatory oversight, more onerous reporting requirements, and a greater emphasis on risk management and corporate governance.

At the same time, Credit Unions continue to deal with issues that emerged during the financial crisis such as viability, their business model, governance, management effectiveness and scale.

At RBK, we understand this is a critical time for Credit Unions and our specialist team is here to help. Our specialists combine traditional accountancy expertise with strategic business advice and integrated business solutions. We work with Credit Unions of all sizes and our clients view us as trusted advisers assisting them to meet the current challenges.

Our services include:

Annual Audit: RBK ensures that your credit union’s audit is statutorily compliant and meets the regulator’s requirements.

Independent Review: RBK offers independent reviews of your Credit Union’s loan book, liquidity, post merger review and corporate governance

Internal Audit: RBK provides benchmarking, advisory and outsourced services to improve your internal audit.

Risk and Compliance Reviews: The Credit Union Act imposes obligations regarding financial stability. RBK will assist you in meeting these requirements.

Strategic Assistance: Strategic planning is a legal requirement for Credit Unions. RBK will facilitate your Board to fulfil this legal requirement.

Mergers / Transfer of Engagements: For some Credit Unions, the decision to enter into a merger or transfer of engagements is necessary to secure survival; for others, it is a strategic move to secure growth.

HR and Payroll: RBK provides a range of HR and Payroll support services to help your Credit Union comply with its obligations under employment legislation.

For more information or to discuss your Credit Union’s specific requirements, please contact a member of our team.

Team Members

Colm O'Grady

Audit & Business Advisory Partner

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Cathal Melia

Audit & Business Advisory Partner

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Ronan Kilbane

Audit & Business Advisory Partner

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Related Downloads

RBK Annual Credit Union Seminar Welcome and Introduction 328.22 KB

RBK Annual Credit Union Seminar Welcome and Introduction by Colm O'Grady, Partner, RBK Credit Union Team

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Credit Union Specialists 626.33 KB

RBK have over 30 years experience working with Credit Unions and continue to offer a range of comprehensive services to meet Credit Union’s needs.

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Credit Union Risk Management 410.67 KB

The role of Risk Management within Credit Unions continues to evolve and mature. The eutopia of an embedded function continues to elude many Credit Unions.

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Credit Union Internal Audit Function 415.67 KB

The role of internal audit is changing. The function is now a mature one in the Credit Union Sector and technological advancements coupled with economic and regulatory changes means that the Internal Audit function needs to be elevated from a transaction based role to one that is proactive and value added for the Credit Union.

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Credit Union Compliance 581.33 KB

An effective Compliance function will ensure your Credit Union will have a licence to operate. This requires the timely identification and remediation of compliance breaches.

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Credit Union Seminar Programme 2018 285.29 KB

RBK will hold our annual Credit Union seminar on Wednesday, 9th May 2018. Our programme for the day includes our annual benchmarking survey results and recent developments in the sector. We also look at strategic health, financial wellbeing, governance, HR and regulatory compliance. We are delighted to welcome Westport Credit Union to share their success story on achieving growth and transformation.

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