Financial Institutions

FMF&E has one of the largest and diverse credit union and financial institution practices of any regional firm located in New York State. Our practice includes credit union and financial institutions ranging in size from $15 million to over $2 billion plus individual financial statement audits of credit union service organizations.

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What Can FMF&E Do For You?

FMF&E traditionally provides financial statement and supervisory committee audits to our credit union clients. As a result of the in-depth work performed by our credit union accounting and auditing professionals, our clients typically walk away with a product that includes comments, advice and suggestions for improvement regarding the following areas:

  • Loan and investment portfolio
  • Loan documentation
  • Operational policies and procedures
  • EDP system controls and procedures
  • Asset/liability management
  • Long-range planning

Additionally, due to our industry experience and strategic alliances, we are able to provide, and have provided, the following services to our credit union clients:

  • Design and implementation of internal audit functions
  • Internal audit co-sourcing
  • Enhancing accounting and internal control systems
  • Loan reviews
  • Advice on mergers and acquisitions
  • ACH audits
  • Fraud audits
  • Human resources matters, including interviewing for accounting positions
  • Review of tax consequences of certain fringe benefits
  • Credit union service organizations formation and consulting
  • Tax consulting and tax return preparation
  • Accounting assistance
  • Deferred compensation arrangements
  • Unlimited access to national accounting firm resources via our membership in the RSM US Alliance
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Industry Involvement

Our firm is actively involved in the Central New York Chapter of the New York State Credit Union Association and the Association of Credit Union Internal Auditors through participation on panels and as instructors for ongoing education.

Top Professionals Ready To Serve You

The FMF&E team prides itself on ensuring that you have quick and easy access to top professionals for any challenge. Our unique model gives our clients confidence that our experienced team can be trusted with your most complex challenges.