Credit Unions
Credit Unions

At Barfield, Murphy, Shank & Smith, we recognize the many things that make financial institutions unique, especially when it comes to the Credit Union community. We analyze and research new accounting pronouncements, tax issues, technology challenges and regulatory requirements to develop useful approaches and tools for our clients.  Most importantly, we share those tools with our friends and clients at our annual Credit Union Roundtable.

  • Financial statement audits
  • Employee benefit plan audits
  • Merger and acquisition due diligence
  • Member account verification
  • Internal audit assistance
  • Agreed-upon procedures
    • BSA Compliance
    • Supervisory Committee Exams
  • Tax compliance
    • Form 990
    • IRS notice response and resolution
  • UBIT- Unrelated Business Income Tax
    • Form 990-T preparation and planning