Managing For Success: Planning, Financial Analysis & Auditing Services


Credit Union Planning/Financial Analysis

In the ever-evolving financial services marketplace, credit unions need to stay abreast of economic developments and member needs. Proper planning, combined with timely decisions, will enable your credit union to provide real benefits for your members.

Credit Union Planning/Financial Analysis provides your credit union with the means to evaluate product/service offerings and operational areas that need to be addressed, and establish appropriate action steps to achieve superior performance. We help you establish and attain important goals that ensure a loyal membership base and a healthy bottom line.

• For more information: Contact your League's Planning Department at 1.800.768.3344, ext. 614 or e-mail dscott@vacul.org

Credit Union Strategic & Customized Planning

Planning is vital for the continued success of your credit union. Our objective is to assist boards of directors in establishing the current priorities and future direction of the credit union. A planning session is the crucial first step in the cycle of planning, directing, and controlling. Planning sessions allow participants to interact outside the normal credit union environment.

During the session, members share ideas and brainstorm while developing or reviewing a vision for the future. The ongoing mission of the credit union is reviewed along with identifying strengths and weaknesses inherent to the credit union. In addition, the opportunities available to the credit union are identified and threats facing the credit union are thoroughly examined. Goals are developed for the future of the credit union along with the strategies necessary to achieve them.

• For more information: Contact your League's Planning Department at 1.800.768.3344, ext. 614 or e-mail dscott@vacul.org

Asset Liability Management

    • Financial Performance Analysis Service
      The Financial Performance Analysis Service (FPAS) analyzes pertinent ratios and resulting trends of the credit union over a specified period of time. Our FPAS will assist you in identifying strengths and weaknesses in the financial and operational aspects of your credit union.
    • ALM Spreadsheet
      This is a basic tool to help credit unions track relevant trends and to identify strengths and weaknesses within the credit union. This process will help key management personnel isolate areas of concern and implement corrective measures when necessary. It provides key ratios, graphs and a detailed spread analysis.

• For more information: Contact your League's Planning Department at 1.800.768.3344, ext. 614 or e-mail dscott@vacul.org

Auditing Services

Your League provides specialized audit services to credit unions. To schedule any of the following services, please contact your League several months in advance.

    • Bank Secrecy Act (BSA) Independent Testing
      The League will review your credit union Bank Secrecy Act policies and procedures and assess their compliance with rules and regulations.
    • ACH Audit
      Let us assist you with NACHA annual audit requirements.
    • Verification of Members’ Accounts
      The Auditing Services Department can provide your credit union with both positive and negative verifications of members’ account balances.

• For more information:

For BSA Independent Testing, contact your League's compliance team at 1.800.768.3344, ext. 610 or compliance@vacul.org

For ACH audits and verification audits, contact your League's Planning Department at 1.800.768.3344, ext. 614 or e-mail dscott@vacul.org