Credit Unions

Credit Union Sector

Over our 40-year history, BCA has developed a strong professional reputation within the Credit Union movement. We act as auditors to 6 Credit Unions across Ireland and provide advisory services to many more. Our advisory services include providing advice on compliance with legislation and regulation.

The local Credit Union continues to be the cornerstone of many Irish communities as it has over the past fifty years. It is becoming more critical as the traditional banking sector seeks to restructure its local services and lending activities. The Credit Union sector is well-positioned to develop a broader range of products and services for members independently and collectively.

We provide a full suite of services so that you can get on with running your business

Services

Credit Union Services

At BCA, our dedicated specialist team understands that Credit Unions are facing critical challenges. We offer an informed and consistent approach to help you effectively manage any issues during this pivotal time.

Annual Statutory Audit

Ensuring your Credit Union’s audit complies with all statutory and regulatory requirements.

Independent Review

Conducting an independent review of your Credit Union’s corporate governance, loans and investments, as well as fixed assets and value in use (VIU) is essential for ensuring financial stability, regulatory compliance, and effective risk management.

Internal Audit

Providing independent assurance that your Credit Union’s risk management, governance, and internal control processes are working effectively.

Internal Control

Assessing your internal control systems to determine the efficiency and effectiveness of your operating procedures.

Some of the Things We Do

Risk and Compliance Reviews: Ensuring your Credit Union meets all financial requirements under the Credit Union Act.
Fraud and Forensic Accounting Investigations: Our dedicated fraud and forensic accounting team has the expertise and experience to address any financial discrepancies or concerns.
HR and Payroll: Offering various HR and payroll support services to help Credit Unions comply with their obligations under employment legislation.
Strategic Development: Providing expert advice on setting future strategies and establishing strategic goals for growth.
Investment Methodology Review: Reviewing investment strategies and methodologies to ensure optimal financial management.
Policy and Procedure Development: Assisting in the development of robust policies and procedures to meet regulatory requirements and improve operations.
Amalgamations and Transfer of Engagements: Guiding Credit Unions through amalgamations and transfers of engagements to streamline operations and ensure compliance.

Credit Union Specialists

Paul Kelly

Partner Paul joined BCA in 2005 and has extensive experience in auditing SMEs, regulating entities, and business advisory. Paul is a member of the Institute of Chartered Accountants in Ireland and has over 19 years of experience in practice.

Ger Ward

Ger, a Chartered Certified Accountant, is our Audit Manager with over 10 years of experience. His expertise includes compliance, risk management, and financial analysis, which contribute to our auditing procedures.