Business Details
48 Years
experience
Trusted Accounting Services for Credit Unions
At CBS Certified Public Accountants, we bring over 85 years of combined expertise in accounting, auditing, and advisory services tailored to credit unions. Our firm has specialized in this sector for 45 years, offering on-site audits, asset-liability management (ALM) reviews, and controller outsourcing. We prioritize building advisory relationships with boards and management, providing educational programs at no additional cost. Our commitment extends beyond numbers, emphasizing governance, ethical practices, and operational improvement.With memberships in the Ohio Society of CPAs and AICPA, we uphold rigorous professional standards through peer reviews and continuous education. Our approach blends technical proficiency with a deep understanding of the credit union industry, ensuring clients receive actionable insights to enhance their financial stability and member service.
Services
Financial Audits
Asset-Liability Management Reviews
Controller Outsourcing
Tax Planning
Board Governance Training
Operational Audits
Internal Controls Assessment
Credit Union Consulting
ALM Validation
Educational Programs
Details
- Year established: 1978
Highlights and features
- We offer 85 years of combined credit union industry experience
- We provide on-site audits and personalized advisory relationships
- We deliver free educational programs for boards and management
- We conduct independent ALM reviews for risk management
- We maintain rigorous standards through peer reviews and continuing education
Associations and certifications
- American Institute of Certified Public Accountants
- Ohio Society of Certified Public Accountants
Services
Financial Audits
Our financial audits ensure credit unions maintain accurate reporting and regulatory compliance. We perform detailed reviews of financial statements, internal controls, and operational procedures. Our on-site approach fosters direct engagement with staff and board members to identify risks and improve governance structures.
ALM Reviews
We conduct independent ALM reviews to help credit unions manage interest rate risk. Our experts analyze assumptions, processes, and results while providing actionable recommendations. This service includes monthly report preparation and board presentations to ensure strategic decision-making aligned with regulatory expectations.
Controller Outsourcing
Our controller outsourcing service provides back-office accounting solutions tailored to credit unions. We handle financial reporting, budgeting, and reconciliation while offering ongoing support to maintain operational efficiency and compliance with evolving industry standards.
Board Governance Training
We deliver specialized training sessions to enhance board and management understanding of financial governance. Topics include regulatory compliance, risk management, and ethical practices. These programs foster better decision-making and stronger organizational leadership within credit unions.
Internal Controls Assessment
Our assessments evaluate credit unions' internal controls to mitigate fraud and operational risks. We identify weaknesses in existing systems and recommend improvements while emphasizing best practices for security, compliance, and efficient workflows tailored to each institution's needs.
People
Christine Cordiak
Vice President
Christine has 30 years of experience in credit union accounting, specializing in outsourcing services and ALM implementation. A Kent State graduate, she actively contributes to community fundraising initiatives.
Ron Schmidt
President
With 40 years in the credit union sector, Ron leads board education initiatives and management consulting. He founded the Heights Civility Project and combines governance expertise with community leadership experience.
Celeste Isom
Audit Specialist
Celeste provides auditing expertise with an MBA from Cleveland State University. She maintains the firm's standards in financial audits and controller services for credit unions through her specialized knowledge.
Questions
What accounting services do you offer for credit unions?
We provide financial audits, ALM reviews, controller outsourcing, tax planning, and internal control assessments tailored to credit unions' unique needs.
How do you support credit union boards and management?
We offer free educational programs on governance, financial understanding, and compliance while providing advisory services during audits and operational reviews.
What distinguishes your firm from others?
Our 45-year focus on credit unions, combined with 85+ years of industry experience, allows us to deliver specialized insights and solutions that address sector-specific challenges.
Do you serve credit unions outside Ohio?
Yes, while based in Ohio, we provide services to credit unions nationally through our on-site audits and remote consulting services.
How do you maintain auditing standards?
We participate in peer reviews through professional organizations and adhere to AICPA Code of Professional Conduct guidelines for audit documentation and confidentiality.
Can you assist with asset-liability management?
We offer comprehensive ALM services including process implementation, monthly reporting, and independent reviews to manage interest rate risk effectively.
