ERC services

A typical scope of works ERC provides is outlined below, however this review can be tailored to the specific requirements of an individual credit union.

a) Strategic Plan
Review the suitability of the plan for the specific credit union's future needs.

b) Organizational structure and capability
Assess the organizational structure, roles, responsibilities & remuneration.

c) Loans and debt management
Review the credit policy, credit control policy, and collections process.

d) Risk and compliance
Review the latest risk assessment report and latest internal audit report.

e) Management Reporting
Review the format of the monthly financial reports and monthly Board pack.

f) Marketing
Review marketing plan and resources.

We will assign a rating to each of the above with a clear explanation as to how the rating was assigned.

Once a review is completed, we are of course open to discussing the way forward with your credit union making the best use of resources, increasing efficiencies, and delivering the best possible suite of services to your members.



Follow up services

Attend interview panels, independent
Assistance with implementation of review recommendations, eg marketing plan and rollout.
Internal Audit: assistance with implantation of findings.
Charter for Internal audit.
Board Pack recommendations.
Investments: interpretation and analysis of the portfolio as defined by CB.
Loans: risk, return, appropriateness, products.