Credit Unions

Cherry Bekaert's certified public accountants (CPAs) and consultants provide credit unions with comprehensive audit, regulatory compliance and accounting advisory services.

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Empowering Credit Unions With Audit and Advisory Solutions to Mitigate Risk and Serve Members

When your credit union needs audit or advisory services, you want a partner that is familiar with the many nuances that make credit unions unique. We are proud to offer customized solutions for credit unions from coast to coast. Our team is positioned to help you serve your members and community, while running a growth-sustaining operation. Cherry Bekaert’s industry knowledge is ready to help you mitigate risk, navigate complex changes and provide the right guidance to help you grow with confidence.

Key Services Tailored to Meet Your Credit Union’s Needs

Internal Audit

  • Internal Audit Co-Sourcing
  • Internal Audit Outsourcing
  • Internal Audit Staff Augmentation
  • IT Audit (ITGC Testing & Advisory, IT Governance)
  • Quality Assurance Reviews (QARs)
  • Risk Assessments

Tax

  • State Chartered Credit Union 990 Returns
  • Tax Disputes & Notices
  • Penalty Abatements

Regulatory Compliance

  • Bank Secrecy Act (BSA) & Anti-Money Laundering (AML) Compliance
  • BSA & AML Model Validation
  • Compliance Monitoring
  • Consent Order Remediation & Validation
  • Fair Lending Assessments
  • Lending, Deposit & Other Consumer Regulatory Compliance
  • Risk Assessments
  • Staff Augmentation
  • Specialty Areas
    • Fair Lending Compliance
    • Home Mortgage Disclosure Act (HMDA) Compliance
    • Unfair, Deceptive, or Abusive Acts and Practices (UDAAP) Compliance

Cybersecurity

  • IT & Cybersecurity Due Diligence
  • IT & Cybersecurity Governance, Strategy, Security Planning, Policies & Procedures
  • Penetration Testing (Ethical Hacking)
  • Readiness Assessments & Advisory Services
  • Risk Assessments
  • Security Awareness Training & Program Development
  • System & Organizational Controls and Attestation Services
  • Virtual Information Security Officer (VISO)
  • Vulnerability Assessments & Scanning

Accounting Advisory

  • Accounting Operations, Period Close Optimization & Business Intelligence
  • Accounting Transformation
  • CECL Model Validation
  • Collateral Review
  • Financial Statement Preparation
  • Projects & Solutions Assistance
  • System Implementation Assurance & Consulting
  • Technical Accounting Standard Implementation
  • Valuation Services

Internal Audit

  • Internal Audit Co-Sourcing
  • Internal Audit Outsourcing
  • Internal Audit Staff Augmentation
  • IT Audit (ITGC Testing & Advisory, IT Governance)
  • Quality Assurance Reviews (QARs)
  • Risk Assessments

Tax

  • State Chartered Credit Union 990 Returns
  • Tax Disputes & Notices
  • Penalty Abatements

Regulatory Compliance

  • Bank Secrecy Act (BSA) & Anti-Money Laundering (AML) Compliance
  • BSA & AML Model Validation
  • Compliance Monitoring
  • Consent Order Remediation & Validation
  • Fair Lending Assessments
  • Lending, Deposit & Other Consumer Regulatory Compliance
  • Risk Assessments
  • Staff Augmentation
  • Specialty Areas
    • Fair Lending Compliance
    • Home Mortgage Disclosure Act (HMDA) Compliance
    • Unfair, Deceptive, or Abusive Acts and Practices (UDAAP) Compliance

Cybersecurity

  • IT & Cybersecurity Due Diligence
  • IT & Cybersecurity Governance, Strategy, Security Planning, Policies & Procedures
  • Penetration Testing (Ethical Hacking)
  • Readiness Assessments & Advisory Services
  • Risk Assessments
  • Security Awareness Training & Program Development
  • System & Organizational Controls and Attestation Services
  • Virtual Information Security Officer (VISO)
  • Vulnerability Assessments & Scanning

Accounting Advisory

  • Accounting Operations, Period Close Optimization & Business Intelligence
  • Accounting Transformation
  • CECL Model Validation
  • Collateral Review
  • Financial Statement Preparation
  • Projects & Solutions Assistance
  • System Implementation Assurance & Consulting
  • Technical Accounting Standard Implementation
  • Valuation Services

Our Professionals

Connect With Us

Chris Purvis

Financial Institutions Leader

Partner, Cherry Bekaert LLP
Partner, Cherry Bekaert Advisory LLC

Kathy Herbig

Tax Services

Partner, Cherry Bekaert Advisory LLC

Contact Our Financial Institutions Team