“Shannon & Associates helped us to control our overhead costs and improve our internal controls. Their knowledge of credit union operations runs very deep. In addition, their skill in presenting complex information in a thorough and understandable way sets this firm apart from the competition.”
- Rick Brandsma, President/CEO
Sound Credit Union
Tacoma, Washington
Sound Credit Union
Tacoma, Washington
Consulting
We want to be more than your bank accountants. At Shannon & Associates we want to be a resource to your management team. Our banking team of professionals is skilled in a variety of non-traditional accounting and financial services that are available to complement the needs of your bank.
We work closely with you to gain an understanding of your goals and objectives. We go beyond compliance requirements to offer services that can have an even greater impact on your bank’s success. For publicly traded banks in need of local experts with banking experience; we can be an excellent extension of your accounting and finance team as well as a resource during quarterly and annual reporting cycles.
Consulting Services include:
- Board of Director Strategic Planning
- Policy Development
- ALM Model Validation
- Financial and Regulatory Reporting
- Fraud Prevention and Detection
- Business Valuation Services – Purchase Price Allocation
- Regulatory Compliance
- Benefit Plan Design and Administration
- Outsourced Internal Auditing
- Cost Segregation Studies
- Share-based compensation planning