A substantial part of our practice is dedicated to servicing credit unions.  For nearly 30 years, Popa & Associates, PC has provided credit unions with auditing and business consulting services that are innovative, efficient and responsive to our clients’ needs. Our professionals provide year-round accounting and auditing advice, as well as periodic updates on the latest NCUA regulations.  We offer a full range of services specifically tailored to credit unions:

Our Credit Union Services:

Certified Opinion Audits – Performed in accordance with generally accepted auditing standards, our Opinion Audits satisfy the annual audit requirements for both state and federally chartered credit unions.  We provide a comprehensive audit report along with recommendations to improve your credit union’s operations and internal controls.

Agreed-Upon Procedures Audits/Supervisory Committee Audits – You will receive a comprehensive review of your credit union’s operations in accordance with NCUA regulations.

Minimum Procedures Reviews – Our Minimum Procedures Reviews are ideal for small credit unions interested in reducing costs without sacrificing quality.

Internal Audit Function Outsourcing – This value-added service provides the convenience of an internal audit department at a fraction of the cost.

Automated Clearing House (ACH) Reviews – The NACHA now requires greater coverage than ever before.  Our firm has more than 30 years’ experience performing ACH reviews, our professionals have the experience in this area that your credit union needs.

Fraud Audits – Our auditors have performed a broad range of fraud audits over the years.  From misappropriation of credit union funds to fictitious loans and mysterious cash disappearance, we have uncovered it all.  We specialize in validating fraudulent activity and presenting the loss to the credit union’s fidelity bond insurance company.

Bank Secrecy Act (BSA) Reviews – Our compliance experts perform a comprehensive review of your credit union’s policies and procedures and make suggestions to help you ensure that your credit union is compliant not only with the BSA’s requirements, but also with OFAC and the USA Patriot Act.

Retirement Planning – We will review your credit union’s current retirement programs and help you establish a 401(k) and/or profit sharing plan that’s specifically tailored to your needs.  We also have extensive experience designed executive deferred compensation plans for credit union officials.

Management Consulting – We will help you develop strategies to expand your business, increase your profitability and run your credit union more efficiently utilizing current technology.

Fixed Asset Consulting – Our experts will review the credit union’s Fixed Asset Classifications, asset lives, salvage values and depreciation schedules to ensure you are accurately accounting for your fixed assets.

General Ledger Consulting – We can perform general ledger reconciliations (monthly, quarterly, semi-annually) and bank reconciliations of the credit unions checking accounts.

Complete the form below for more information on our Credit Union Services.