Credit Union Compliance and Internal Audit Services
Credit unions face growing regulatory expectations, increased operational complexity and rising pressure to do more with limited internal resources. RKL helps institutions respond with practical compliance and internal audit support designed to strengthen controls, clarify risk and support long-term performance.
- HMDA compliance reviews
- Fair lending risk assessments and audits
- UDAAP risk assessments
- AML/CFT audit support
- Internal audit outsourcing and co-sourcing
- Internal audit risk assessments
Specialized support for credit unions
RKL serves credit unions throughout the Mid-Atlantic and beyond, helping institutions assurance, advisory and compliance challenges with a proactive, risk-based approach. Callahan & Associates consistently ranks RKL among the top 20 U.S. credit union auditors, reinforcing the firm’s depth in the credit union space. RKL’s Financial Services Industry Group is led by Barry Pelagatti, a trusted advisor with three decades of experience serving financial institutions.
A practical approach to compliance and internal audit
Today’s credit unions need more than a check-the-box review. They need insight into where risk exists, how controls are performing and what actions will have the greatest impact.
RKL helps credit unions strengthen compliance management and internal audit functions through targeted reviews, risk assessments and tailored advisory support. Our approach is grounded in industry knowledge, aligned to regulatory expectations and focused on practical outcomes your team can use.
Helping Credit Unions Address Today’s Compliance and Audit Priorities
HMDA Compliance Reviews
RKL helps credit unions evaluate HMDA data integrity, reporting processes and related controls to support stronger compliance and more confident reporting under the Home Mortgage Disclosure Act.
Fair Lending Risk Assessments and Audits
We perform fair lending risk assessments, fair lending audits and fair lending compliance reviews designed to help institutions evaluate exposure, strengthen monitoring and improve oversight across lending activities.
Compliance Risk Assessments
Our compliance risk assessment services help credit unions identify higher-risk areas, evaluate the effectiveness of existing controls and better align compliance resources to current needs.
AML/CFT Audit Support
Our team supports AML/CFT and BSA/AML-related audit needs through targeted reviews that help institutions evaluate control effectiveness, identify gaps and strengthen their risk management approach.
Internal Audit Services for Credit Unions
RKL provides internal audit outsourcing and co-sourcing support for credit unions seeking deeper coverage, specialized knowledge or additional capacity. We also perform internal audit risk assessments to help institutions align audit plans to operational, financial and compliance risk.
UDAAP Risk Assessments
RKL helps institutions assess risk related to unfair, deceptive or abusive acts or practices through focused reviews of processes, communications, controls and oversight.
Why credit unions choose RKL
RKL brings together industry specialization, technical depth and a clear understanding of what financial institutions need from a trusted advisor.
What sets our approach apart:
- Deep experience serving credit unions and other financial institutions
- Risk-based reviews that go beyond basic compliance testing
- Practical recommendations designed for implementation, not just reporting
- Internal audit and compliance capabilities under one roof
- Flexible support models, from targeted projects to ongoing co-sourced relationships
Our goal is not just to identify issues. It is to help institutions improve risk awareness, strengthen internal controls and build a more effective path forward.
Experienced leadership. Focused financial institution insight.
Barry M. Pelagatti
Partner, Audit Services Group
Barry directs the strategy, growth and management of RKL’s broad range of solutions for credit unions and has served as a trusted business advisor to institutions throughout the Mid-Atlantic for three decades.
Kimberly A. Karwath
Partner, Audit Services Group
Kimberly specializes in providing external audit services to financial institutions of all sizes, ranging from ambitious start-ups to formidable multi-billion-dollar entities. She is knowledgeable in U.S. GAAP, SEC reporting requirements, and internal control compliance.
Juliya Kofman Greenfield
Principal, Financial Services Industry Group
Juliya specializes in serving credit unions through risk assessments, training, compliance reviews, and audits. She has extensive experience in compliance and risk assessment, including consumer, commercial, and residential lending reviews, Regulation B, HMDA, UDAAP, Regulation E, deposit operations, overdraft products, BSA/AML, and website/social media reviews.
How We Support Credit Unions
Credit unions often contact RKL when they need to:
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Perform a financial statement audit
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Prepare for an upcoming exam or review
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Conduct an independent HMDA compliance review
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Perform a fair lending risk assessment or audit
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Evaluate UDAAP exposure
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Strengthen AML/CFT audit coverage
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Reassess internal audit priorities based on changing risk
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Expand internal audit capacity through co-sourcing or outsourcing
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Improve control effectiveness without overloading internal teams
Talk with a Financial Services Advisor
Whether your institution is evaluating HMDA compliance, fair lending, UDAAP, AML/CFT or external or internal audit needs, RKL can help you move forward with greater clarity and confidence.