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Latest News
Calendar

4/22/2014
Columbia Chapter of Credit Unions - April 22 Meeting

4/23/2014
CUaware - Triad Lunch and Learn!

4/29/2014 » 4/30/2014
NCBA: Women in Banking Leadership Symposium

4/29/2014
Upstate Chapter of CUs - April 29 Meeting

5/5/2014 » 5/6/2014
Financial Education Summit

Carolinas Credit Union League Audit Team

What can we do for you?


Our audit team draws on more than thirty years of experience to provide a wide range of services to credit unions under $500 million in assets, plus internal audit services to those over $500 million in assets. Those we serve value skillful, excellent service at very low cost.

We seek out innovative methods to meet credit union needs, and amid today's complex, dynamic environment a team committed to your success is all the difference. For more information, contact us today.

 

TimeValue Software


Quality tools create quality results, and we highly recommend TimeValue Software's TValue loan modification and amortization software. The industry standard for amortization, TValue is excellent for loan modifications and troubled debt restructurings (TDRs). Every Top 100 accounting firm and more than 500,000 financial professionals worldwide rely on its accuracy, flexibility, and ease of use, and we have more information. Download the brochure or contact Patricia English at (800) 822-8859, ext. 9070.

 

Summary of Services


All procedures listed here shall be consistent with Generally Accepted Accounting Principles (GAAP) as prescribed by the National Credit Union Administration, North Carolina Credit Union Division, and South Carolina Board of Financial Institutions. The scope of agreed-upon procedures satisfies all requirements of a Comprehensive Supervisory Committee. Our audit team specializes in more than twenty areas including:

 

Comprehensive Annual Audits

Credit union balance sheet (assets and liabilities)
Loans
Investments
Fixed assets
Notes payable
Reserves
Expenses
Cash and bank reconciliations
FCCCU and other investments
Member’s trial balance
Land, building, furniture and equipment

Bank Secrecy Act Audits

ACH audits
Account verifications
990 tax forms (state-chartered credit unions only)

Internal Audits

Cash counts
Cash policy and procedure review
BSA policy and procedure review
High-risk areas
General ledger reconciliations
Review loans (new, delinquency, charge-offs or staff/volunteer)
Any procedure for which the supervisory committee is responsible
Credit union elections

A report of procedural work performed and findings is submitted to the supervisory committee after an audit has been completed.