10 Reasons for Choosing DeLeon & Stang
Credit Unions
At DeLeon & Stang, we understand the regulatory and compliance challenges credit unions face and how daunting it can be to stay on top of the latest industry changes. Our specialists are dedicated to providing timely reports and continually monitor rules and regulations. In addition, we remain abreast of the latest industry updates through continuing education provided by the AICPA, MACPA and in-house training. DeLeon & Stang is the 22nd largest CPA firm in the United States serving credit unions. Our auditors are BSA/OFAC trained and have many years of experience performing these reviews, as well as other financial audits and compliance reviews. We serve a broad range of credit unions including federal and state credit unions. Our specialists can assist in the following areas:
Audits and reviewsCertified audit servicesOur staff of experienced auditors uses the most current accounting and auditing techniques available. We’re committed to using the same audit team each year to provide continuity and efficiency in our audit engagements. After the completion of an audit, you will receive:
Agreed-upon proceduresOur agreed-upon procedures engagement is done in accordance with specific procedures established by the NCUA.
Internal audit outsourcingToday, many credit unions are interested in enhancing their level of comfort concerning internal control compliance. DeLeon & Stang provides a comprehensive and wholly independent internal audit practice. Not only can outsourcing all, or part, of the internal audit function present a considerable savings to the credit union, but it also allows your existing internal audit department to complete important projects. Our team of professionals can assist with the following:
Consulting servicesOur credit union consulting division is one of the most experienced in the industry. From a full menu of technology solutions, to helping you improve your policies and procedures, our consultants have delivered the highest quality services to the credit union industry for over 20 years. Our team of professionals can assist with the following:
Compliance servicesOur local office, combined with our strategic affiliations, allows us to offer our clients the best of both worlds: the personalized attention and responsive service of a local firm, as well as the resources, knowledge and breadth of services you would expect from a large accounting organization. The professionals at DeLeon & Stang remain abreast of the latest industry updates through continuing education provided by the American Institute of Certified Public Accountants (AICPA), Maryland Association of Certified Public Accountants (MACPA) and in-house training. As a firm, and as individuals, we place great value on building long-term relationships and are committed to providing outstanding compliance service in the following areas: AML/BSA Services for Credit Unions
State and Federal Licensing Services for MSBs and Consumer Lenders
Credit Union MSB Customer Compliance Program Services
Compliance Due Diligence for Investment Managers and Analysts
Specialty servicesThe following is a list of specialty services we offer our clients.
Risk and fraud assessmentWhat do we do if $27,543 in cash is missing? Having trouble retaining employees at a particular branch? A member calls and says something is “funny” with their share account? You may ask yourself in such situations… What really is happening? Who am I obligated to inform? Who else should I inform? What are the regulatory requirements? Our team of experienced fraud auditors and risk assessment professionals can provide you with an independent, objective analysis. We can assist in developing a risk management strategy and internal control system to minimize the opportunity for fraud. Strategic planningWhat is your vision? Does your credit union have an updated strategic plan? Is there a consensus on your credit union’s vision of the future? What is your “brand” - and how are you improving it? At DeLeon & Stang, we can help you actively create your credit union’s future. Below is the “strategic management framework” we utilize with our clients.
Board retreats
Are you bringing on new board members? Starting a strategic planning process? Conducting a self-assessment? Trying to fine-tune your image? We use an interactive and dynamic style of facilitation to help you and your credit union really “break-the-box” and think creatively. At DeLeon & Stang, our team utilizes the following straightforward four-phase process:
Ethics and compliance programsDoes your credit union have a code of ethics? A values statement? An ethics and compliance program? Perhaps it’s time to consider one. We have designed a simple and cost-effective program just for our clients. We use the following five-step process that is comprehensive, yet cost-effective:
Anti-Money Laundering (AML) complianceRegulatory scrutiny and rigorous enforcement have turned compliance with Anti-Money Laundering (AML) laws into a front-burner issue for financial services companies. Compliance needs to be rooted in each organization’s unique risk profile, and meeting the evolving requirements has become a complex process. DeLeon & Stang can help you comply with requirements for an annual independent review of your AML compliance program commensurate with your organization’s specific risks. We take into account size, locations, customer base, corporate culture, delivery channels, products and service offerings. Our audit takes a comprehensive approach which ensures acceptance by federal and state regulators. It also provides a CPA attest opinion and addresses the following areas:
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