Supervisory Committee Audits start with CU Pacific

Posted by Laurie Okawa-Moore
on "October 30, 2018 11:39 am"

A fundamental duty of a credit union supervisory committee is to complete the mandatory annual audit and provide a report to the credit union’s board of directors. The supervisory committee has several options depending on the credit union’s asset size. 


A majority of credit unions in Hawaii are considered small to medium in asset size and below the asset threshold of $500 million requiring a certified opinion audit. Certified audits are costly and time-consuming. CU Pacific can provide a quick, cost-effective solution to satisfy NCUA audit requirements – the Supervisory Committee Audit. This audit includes a review of key areas such as accounting, lending, operations, and internal controls. CU Pacific also provides helpful recommendations and best practices and are available throughout the year to answer your questions and provide support! 
 
CU Pacific Audit Solutions, LLC (CU Pacific) has provided audit, compliance, and accounting services exclusively to Hawaii credit unions since 1991. Its highly trained professionals are committed to the credit union industry and experienced management ensures compliance with current regulatory and auditing guidance as well as seamless conformity to future changes. CUpacific web ad
Here's what CU Pacific clients are saying:

“Thank you for responding to our questions and challenges in between audits – that is very helpful and comforting. We appreciate your willingness to understand our operation and your suggestions to help us improve. Your team is very respectful and flexible – mahalo!”
Cindy Geiling, Hawaii FCU President & CEO
 

“CU Pacific is always available to respond to our various accounting questions throughout the year. Always a pleasure to work with Tracey, Denise, and their team!”
Mark Munemitsu, HOCU President & CEO


When your credit union is planning its annual supervisory committee audit, call CU Pacific at 808.942.7565 or toll-free from neighbor islands at 888.432.8772.