Credit Unions

In an industry that is ever-evolving, you need a partner that can keep you ahead of the curve. The professionals at Collins Barrow understand the challenges and pressures credit unions face and have the expertise necessary to ensure you effectively manage risks and recognize opportunities.

With over five million members, credit unions are not only part of Canada's heritage, they're a part of this country's future.

The recent economic climate brings with it significant challenges for credit unions. Not only is it important to manage risk, it is also necessary to have an understanding of how to capitalize on opportunities in order to remain competitive. And as regulatory requirements continue to become more stringent, processes must change to ensure compliance. Most importantly, this change and growth must not compromise the cooperative philosophy behind the financial services you offer your members. Collins Barrow can be your partner in meeting these unique needs.

The professionals of Collins Barrow have the expertise and experience necessary to navigate these evolving financial priorities. Our approach, process and diligence are second to none. We are the trusted advisors of choice.

A Clear Change

In an industry where change is accelerating, we have developed the knowledge base necessary to successfully navigate both the risks and the opportunities.

In today's turbulent economy, credit unions are facing their own unique set of ever-evolving opportunities and challenges. Collins Barrow can offer the direction, vision and clarity necessary to navigate the climate successfully, mitigating risk and taking advantage of favourable circumstances.

Our experience with the financial industry allows us to address the common risks and reporting problems experienced by credit unions, thus providing efficient, cost-effective services to meet reporting requirements. At the same time, our experience allows us to compare your systems to industry norms, giving us the opportunity to provide advice to optimize your financial and other business systems.

With dedicated partners and professional staff, we offer a broad array of services to our credit union clients. Take advantage of our expertise in:

• Ensuring compliance with increasingly stringent and complex regulatory and financial reporting requirements, from IFRS implementation to modifications in tax and DICO reporting requirements.
• Risk management, including Enterprise Risk Management (ERM) implementation and optimization, in an increasingly volatile and ever-evolving market.
• Providing an efficient and meaningful financial statement audit using well-established and rigorous policies, as well as quality control systems that meet professional standards, applicable laws and regulations.
• Offering guidance on where improvements can be made to internal controls.
• Management advisory services including corporate governance, consulting on business strategy, internal audit and change management.
• Assisting with the selection and implementation of industry specific technology systems that will improve operational effectiveness and contribute to the bottom line.
• Strategizing for growth while remaining true to the cooperative principles that are foundations of the industry.

At Collins Barrow, we understand that every credit union is unique. It is our understanding of the broader range of issues impacting our clients that sets us apart from other accounting and advisory firms. Experience the difference that clarity makes.