CREDIT FUNCTION & LOAN BOOK REVIEWS
Credit Function & Loan Book Reviews
Independent review, practical insight and clear reporting for Credit Union Boards.
WDA has extensive experience in completing Loan Book Reviews for the Credit Union sector. Our independent reviews provide Credit Union Boards with clear, objective insight into the quality, performance and risk profile of the loan book, supported by a comprehensive report designed to strengthen oversight and informed decision-making.
We take a practical, risk-based approach, reviewing key areas such as lending practices, credit quality, arrears, provisioning, controls and governance arrangements.
Expertise in completing Loan Book Reviews for the Credit Unions
We have developed a bespoke reporting system, which ensures the engagement is completed to the highest possible standard. We cater for all types of Credit Unions, Community, Rural and Industrial, with assets ranging from €10m – €300m.
Should you require a Loan Book Review at the direction of the Central Bank or the Board decides to implement a voluntary review, WDA have the resources, experience and expertise to complete this engagement.
We produce a comprehensive tender document for the Boards consideration, which reproduces the exact terms set-out in the Central Bank letter so there is absolutely no ambiguity to the scope of the engagement.
When a review may be required
A Professional and Transparent Process
We follow a clear and structured approach to ensure the engagement is delivered efficiently, transparently and to the highest professional standard.
What you can expect
From the outset, WDA works closely with the Credit Union to establish a clear scope, agreed timelines and defined reporting requirements.
Throughout the engagement, our focus is on maintaining open communication, providing the Board with clear visibility over the process and ensuring there are no unexpected issues at the final reporting stage.
More Than a Compliance Exercise
The Loan Book Review process should not be viewed simply as another layer of compliance and regulation.
Instead, it should be considered an important governance tool that helps Credit Unions assess the health and quality of one of their most significant assets — the loan book.
Annual independent Loan Book Reviews can provide Boards with additional reassurance, identify areas for improvement and support stronger oversight and credit risk management.
Reassurance for Your Board, Members and the Central Bank
Having the review carried out by independent external professional advisers such as WDA provides the Board with an objective assessment of the loan book and credit function.
This independent perspective can help ensure that key issues are identified clearly, findings are communicated transparently and there are no unexpected surprises for the Board, Members or relevant stakeholders.
Contact Us
Lets start a conversation
Whether you have a specific requirement or would simply like to discuss how WDA can support your organisation, our team would be happy to hear from you.
Get in touch today and one of our team will come back to you.
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