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Industries - Credit unions

Industries

Credit unions

At Baker Tilly, our advisors understand the unique challenges and pressures credit unions face. We have the expertise necessary to ensure those challenges are met successfully and converted into opportunities to help you stay competitive.

As regulatory requirements continue to become more stringent, processes must change to ensure compliance. Most importantly, this change and growth must not compromise the cooperative philosophy behind the financial services you offer. Our experts are well‑equipped to help navigate your evolving financial priorities.

Manage risk and optimize operations

Our financial industry experience enables us to address common risks and reporting problems experienced by credit unions, providing efficient, cost‑effective services to meet reporting requirements.

At the same time, we compare your operational processes to industry norms, providing advice that optimizes your financial and business systems.

We provide a wide array of services to our credit union clients, including:

  • Ensuring compliance with increasingly stringent and complex regulatory and financial reporting requirements, from IFRS implementation to modifications in tax and DICO reporting rules
  • Risk management, including enterprise risk management implementation and optimization
  • Providing an efficient and meaningful financial statement audit using well‑established and rigorous policies, as well as quality control systems that meet professional standards, applicable laws and regulations
  • Offering guidance on where improvements can be made to internal controls
  • Management advisory services including corporate governance, consulting on business strategy, internal audit and change management
  • Assisting with the selection and implementation of industry‑specific technology systems that will improve operational effectiveness and contribute to your bottom line
  • Strategizing for growth while remaining true to the cooperative principles that are the foundation of your industry

Connect with your Baker Tilly advisor now to learn more.

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