CREDIT UNIONS
Avail of our broad range of tailored Credit Union Services
Whelan Dowling & Associates have been providing professional services to Credit Unions for over 15 years. We have utilised these years of experience to develop a broad range of services, and tailored these services to add value to Credit Unions of all types.
We currently provide a variety of services to community, industrial urban and rural credit unions with asset sizes ranging from €5m up to €300m+.
We have designed a detailed one day Board Training programme. It has been designed in response to the recent PRISM Expectations Report and informed by 25 years of experience in the sector.
We currently provide Statutory Audit, Internal Audit, Risk, Compliance, Data Projections, Strategic Planning and Board Training Services so we have practical hands on experience in all the key risk areas of the business.
As Credit Unions have continued to grow and develop their Governance, Risk and Compliance systems, the risk emphasis has started to change from failing to meet compliance requirements to failing to meet strategic targets. Through our experience in the sector WDA have developed a value added approach to role of Internal Audit. We are committed to re-positioning of the role of internal audit from that of a ‘tick the box’ compliance function to that of a constructive and valued function within the organisation.
Every Credit Union is obliged to have its annual financial statements audited by an External Independent Statutory Auditor. WDA’s Credit Union team has the expertise and resources to complete your statutory audit in a timely and efficient manner in order. Our team is lead partners that have over 15 years experience in delivering quality services to the Credit Union Sector. The primary objective of the external audit is to provide an independent opinion on your Credit Union’s financial statements. WDA have a tailored, risk based auditing approach that will provide you with an efficient audit that’s within your regulatory needs and timeframe for AGM and other reporting deadlines.
WDA have extensive experience in completing Loan Book Reviews for the Credit Union Sector. 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.
Your Strategic Planning Document is a living breathing document. It underpins your every decision and you report on the key performance indicators and goal achievement on a monthly and quarterly basis…. or is your strategic plan gathering dust on a shelf?
Whelan Dowling & Associates are delighted to offer professional outsourced Risk and Compliance Services to the Credit Union sector. These services are provided as separate and distinct engagements and fulfill the obligation on Credit Unions to have effective Risk and Compliance functions whilst utilising our extensive market experience to add value in the execution of the role.
Other Credit Union Consultancy Services. Once off consultancy engagements outside the scope of the other engagements discussed within this website, can also be carried out by WDA. These engagements will more than likely be specific to the Credit Union, requiring independent assessment and opinion of the relevant problem facing the organisation.
