Risk Management, Compliance, & AML
Our advisory services support credit unions with program design for managing risk, compliance, and anti-money laundering (AML) requirements.
Through Enterprise Risk Management, we offer tools and guidance to credit unions in navigating evolving regulations, implementing compliance programs, and adhering to regulatory standards.
In AML, we assist with designing programs to prevent financial crimes, conducting bi-annual effectiveness reviews, offering Board and staff training with the goal of protecting both the institution and its members.
IT, Outsourcing & Cyber Security
Our advisory services support credit unions in securing their digital infrastructure and managing outsourced functions.
In IT and Cyber Security, we help safeguard against cyber threats, offering vulnerability assessments, IT governance guidance, and incident response planning to protect sensitive member data.
For Outsourcing, we assist in evaluating opportunities to improve efficiency, providing guidance on selecting trusted partners for services like IT, loan processing, or compliance monitoring, while ensuring oversight and regulatory compliance.
Mergers
Mergers are a strategy for credit unions to grow and enhance their service offerings. Our merger advisory services guide credit unions through every stage of the process, from submitting regulatory applications to managing communications campaigns.
We work closely with your leadership team to streamline the merger, ensuring alignment with your organizational goals and member interests. With our project management support, we help credit unions navigate the complexities of mergers, ensuring a smooth transition that positions your credit union for long-term success.
Lending
Our lending advisory services focus on optimizing your credit union’s credit practices, from loan portfolio management to credit risk assessment.
We assist in designing credit strategies that balance growth with risk, ensuring that your credit union remains competitive while safeguarding member assets. Whether you’re expanding into new lending markets or improving loan approval processes, we provide expert guidance to enhance your credit operations.
Capital and Liquidity
Maintaining adequate capital and liquidity levels is vital for the financial health of any credit union. Our advisory services assist in optimizing capital management, ensuring regulatory requirements are met, and managing liquidity risk.
We provide insights on stress testing, contingency planning, and balance sheet optimization, helping your credit union maintain a strong financial position in both stable and challenging economic conditions.
Governance
Good governance is the foundation of successful credit unions. This includes establishing clear roles and responsibilities that ensure accountability and transparency within your credit union.
Leveraging our Governance Toolkit and other helpful resources, we advise Boards how these tools can support their role in overseeing risk management, regulatory change, and strategic direction.
Do you have a question about our Advisory Services or anything else?
Our dedicated team would love to hear from you. Email us or call us at (604) 730-5107.