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CCUL Headlines: Introducing CCUL

Introducing CCUL: Bus. Dev., CU Accounting enhance CUs' operations, services

Thursday, March 06, 2014   (0 Comments)
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Richard Ford
AVP, Business Development and Consulting
Introducing Business Development

The Carolinas Credit Union League’s Business Development department is all about enhancing success for each credit union in ways that fit best with institution goals. With more than a dozen business partnerships and cooperative solutions, CCUL has a toolkit with which it can work to meet unique needs.

Led by AVP of Business Development and Consulting Richard Ford, the department focuses on three critical areas: income generation, expense reduction, and enhancment of credit union service to members. CCUL carefully researches each business partner to ensure it can deliver top-notch products and services, and partners do so often at a fraction of other providers' costs.

Richard, who joined the League in 2003, is primarily responsible for establishing new relationships and fostering existing relationships with member credit unions and various preferred business partners. He previously worked for ten years as senior financial analyst with First Carolina Corporate Credit Union.

Richard is a decorated Gulf War veteran and was honorably discharged from the US Air Force. After leaving the military, he graduated from the University of North Carolina at Greensboro with a Bachelor of Science degree in accounting and later earned a Masters in Business Administration from High Point University.

For more information on business development solutions and partners, contact Richard at rford@carolinasleague.org or call 919-457-9069.


Tully Maragakis
Director of CU Accounting Services

Brad Ballentine
Accounting Specialist
Introducing CU Accounting Services

Regardless of asset size or data processor, credit unions find Carolinas Credit Union League’s Credit Union Accounting Services to be efficient and cost-effective. Using an impartial, third-party relationship for accounting services provides an extra measure of security for your financial information and enhances your internal control.

CU Accounting Services is available to help credit unions maintain corporate statements, subsidiary ledgers on prepaid accounts, accrual accounts, investment accounts, and fixed assets. The department also can provide monthly general ledger reviews to ensure all of a credit union's balance sheet accounts are in order.

Led by Director of CU Accounting Services Tully Maragakis, the team has more than thirty years' experience in credit union accounting.

Tully joined the CCUL team in December 2013. Her prior experience ranges from serving as accounting manager at AllSouth Federal Credit Union to the past thirteen years as the chief financial officer at National Guard Federal Credit Union. She earned a bachelor’s degree in business administration from the University of South Carolina and her MBA from Webster University.

Working alongside Tully is Accounting Specialist Brad Ballentine, who has been with the league for three years. He has an associate’s degree in accounting from Midlands Technical College.

CU Accounting Services performs the following services to support credit union efficiency and compliance.
  • Corporate and Bank
  • Account Reconcilement
  • General Ledger Reconcilement
  • Financial Statement Preparation
  • NCUA 5300 Call Report Preparation
  • Custom Services (internal investigations, accounting reconstruction, and special reports)
  • Maintenance of Subsidiary Ledgers (fixed assets, pre-paid and accrual accounts, and investments)
  • Accuracy Comparisons
  • Posting of Journal Entries and Retrieval of Financial Statements (Galaxy Fiserv System)

Other accounting services are available on an as-needed basis. To discuss specific requirements, please contact Tully Maragakis at tmaragakis@carolinasleague.org or call 800-235-4290, ext 442.



"In the Loop” will be "Introducing CCUL” to you over the next few months through these weekly pieces.These introductions will share changes in staffing and services for credit unions provided by the Carolinas Credit Union League.