Course Overview

CPD: 4 Hours CPD Approved by ILCU for CU CPD Holders

           4 Hours CPD Approved by LIA for CUA Holders

Once off consultancy engagements outside the scope of the other engagements discussed within this website, can also be carried out by WDA.  These engagements will more than likely be specific to the Credit Union, requiring independent assessment and opinion of the relevant problem facing the organisation. 

An example of these engagements would be as follows:

A general weakness within most Credit Unions would be the absence of a detailed Internal Control Procedures Manual.  We do accept that the major written Policies & Procedures are place, such as Credit Control, Loans, Cash, etc.  But the majority of Credit Unions in Ireland do not have a complete Internal Control Procedures Manual for reference purposes, and the Credit Unions that do have such a Manual need to update this document urgently.

WDA have the relevant experience and skillset to complete this task on behalf of the Credit Union, to ensure full compliance with best practice and relevant legislation. This can either be a once off engagement or an outsourced ongoing process.

Information systems are constantly changing to take account of new regulations, additional services and advancements within technology.  Therefore your current IT systems may not be applicable / fit for purpose for your Credit Unions needs and that of it's members.

WDA have developed a strategic relationship with a number of Credit Union IT providers and consultants to ensure that what you require and what you actually have from an IT point of view match exactly.  In addition your IT systems should be designed with future expansion and changes in mind, and therefore easily adaptable.

Unfortunately due to the current economic climate Ireland finds itself in today some Credit Unions are going to fail.

With an increasing number of Credit Unions on a Regulatory watchlist and others facing lending restrictions, WDA believe that directors must satisfy themselves that their Credit Union is a going concern and they are in a position to service their members and ensure all members savings are fully secure.