Credit Union Compliance and BSA/AML Support

Yes. We work with credit unions, banks, and fintechs. The BSA/AML rules overlap a lot. What changes is the examiner and the charter, and we know both.

Yes. Some credit unions use us as the officer of record. Others use us as backup, so their officer is not the only person who knows the program.

Yes. A fractional BSA officer is a part time officer who works a set number of hours or days each month. It is a good fit when a full time hire is more than you need.

It depends on your size, your risk, and how much you want us to handle. A one time risk assessment costs far less than ongoing officer support. We will quote it after a short call.

Yes. We audit the BSA/AML program and give you a written report with findings and recommended fixes, in the order we would fix them.

For eligible federally insured credit unions with less than $500 million in assets, RADD can perform an Other Supervisory Committee Audit where applicable requirements permit. This type of audit may be performed by a qualified non-CPA provider and must address the minimum procedures in NCUA Part 715, Appendix A.

Credit unions with $500 million or more in assets must obtain an annual financial statement audit from an independent accountant licensed to perform it in the applicable state or jurisdiction. RADD does not issue financial statement audit opinions, but can provide complementary internal audit, compliance, and supervisory committee support.

Eligibility depends on the credit union’s charter, applicable state requirements, and any additional regulatory requirements.

It verifies that the board and management meet financial reporting objectives and safeguard members’ assets. In practice that means obtaining the annual audit, verifying member accounts every two years, reviewing internal controls, and making sure audit and exam findings get fixed.

Yes, if the credit union is federally insured. State chartered credit unions follow the same annual audit requirement under NCUA’s rule. With $500 million or more in assets, they need a financial statement audit. Below $500 million, they need a supervisory committee audit or the audit their state requires, whichever is more stringent.

Yes. Independent testing has to come from someone outside the program, and that is what we do.

We review your program the way an examiner would, then give you a list of what to fix and how long it should take. Most credit unions do this a few months before the exam window.

Yes. A CUSO has its own compliance duties, and the credit union stays responsible for a lot of what the CUSO does. We work both sides of that.

Yes, and this is a good time to call. Partner risk needs to be in your risk assessment and your monitoring before the program goes live.

Yes. The oversight model that sponsor banks use for fintech partners works for credit unions too. We build it to fit your charter and your examiner.

Yes. We rebuild it around what your credit union actually does today, including new products, new members, and new partners.

Yes. We help with filing questions, quality review, and the decisions behind them. We can also train your staff so the calls get easier.

Yes. We review your CTR process, your exemptions, and your documentation, and we fix what is out of date.

Yes. We review your screening setup, your match handling, and your documentation.

Yes. Policy review is one of the most common things we are asked for, usually because the policy stopped matching what the credit union actually does.

Yes. We train staff and boards, and we build the training around your program.