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Latest News

Filene: Impact Road Show

Pee Dee Chapter: CUaware Protégé Competition

Tarheel Chapter: CUaware Protégé Competition

Northwest Chapter: CUaware Protégé Competition

Foothills Chapter of CUs - August 12 Meeting

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

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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)
Fixed assets
Notes payable
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.