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SingerLewak Credit Union Services

SingerLewak is a premier service provider to the credit union industry.  Our experienced personnel ensure you work with a team that is well-versed in all aspects of your credit union.

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Top service provider to the credit union industry

SingerLewak is a premier service provider to the credit union industry.  Our experienced personnel ensure you work with a team that is well-versed in all aspects of your credit union.

Credit unions are accountable to the members of the credit union.  The Supervisory Committees of the credit unions are responsible for oversight of the safety and soundness of the credit union.  The Supervisory Committee provides oversight of the financial reporting of the credit union and the monitoring of internal controls and reports to the members of the credit union on the same.  When a Supervisory Committee chooses a professional to perform functions on their behalf, they want to know that the professional they have chosen:

  1. Is knowledgeable about all aspects of a credit union
  2. Understands and has experience with all types of credit union operating and loan systems
  3. Satisfies all regulatory requirements for audit services and assists the credit union in maintaining compliance with regulations
  4. Establishes open communication with the Supervisory Committee throughout the execution of engagements
  5. Is responsive to management and their needs
  6. Is committed to the credit union industry

All SingerLewak seniors, managers and partners have greater than five years of experience serving the credit union industry.  Multiple team members have also worked in credit unions.  Because of the number of credit unions currently served, the team members are well versed in all credit union operating and loan systems.  SingerLewak professionals are also often contacted by regulators to provide training or information on credit union issues and we pride ourselves on helping our client maintain regulatory compliance.

We always meet regularly with Supervisory Committees throughout engagements.  Further, our reports are comprehensive and describe our processes, tests, and results so that you can evaluate the work performed.  Our reports include recommendations for strengthening internal controls or efficiency suggestions.  We do not regurgitate standard, boilerplate recommendations that are not specific.

Our commitment to the credit union industry is significant.  Members of our professional staff regularly conduct training for credit unions and their volunteers. Our partner has conducted training for Boards of Directors and Supervisory Committees as part of the financial literacy initiatives at no charge to any credit union to further demonstrate our commitment to your industry.

Services Provided

  • Opinion audits
  • Outsourced internal audit services
  • Supervisory Committee audits (agreed-upon procedures engagements)
  • Full and limited scope audits for retirement plans
  • Preparation of Forms 990 and 990-T, including issues related to unrelated business taxable income
  • Bank Secrecy Act independent compliance examinations
  • Annual ACH examinations
  • Merger planning and due diligence procedures
  • Ballot verifications for volunteer elections
  • Fraud investigation procedures and documentation for bond claims
  • Retirement planning for senior personnel