During a merger/transfer of engagements your Credit Union will either be entrusting the other party with all your Credit Union’s assets or you will be taking on the liabilities of another Credit Union. Either way your Credit Union is taking a risk. We can assist the Credit Union manage this risk and help the Directors fulfil their duties, to safeguard the Credit Union’s assets, by carrying out due diligence on the other Credit Union. This can help identify unforeseen liabilities and establish the strength of the other Credit Union’s loan book.
We have carried out due diligence on a number of Credit Unions and other not-for-profit organisations and can help in a number of ways: