The Client:
Franklin Mint Federal Credit Union (FMFCU) has been providing financial products and services to residents and organizations throughout the Delaware Valley and beyond since 1970.
The Challenge:
With the retirement of their own Internal Auditor coupled with the pace and complexity of regulatory mandates, FMFCU faced an ongoing challenge of staying current in the areas of internal audit, IT security and compliance. FMFCU sought an advisor with the expertise, experience and ability to augment its internal audit, IT, cybersecurity and compliance efforts.
The RKL Approach:
The depth of RKL’s financial services industry expertise and its command of the latest regulatory issues, allowed the firm to take a holistic view of FMFCU’s internal audit function. Thanks to this customized, collaborative approach, RKL was able to deliver value to FMFCU that the Credit Union would not have received from a costly consulting engagement or increased staffing levels. Having a multitude of RKL experts at its disposal means FMFCU can tap into the needed expertise to manage situations and issues as they arise rather than redirecting internal staff or stalling the process.
The Results:
RKL’s outsourced solution delivered a more cost-effective and efficient internal audit process, allowing FMFCU staff to focus on core competencies. FMFCU gained a trusted advisor in RKL, complete with innovative ideas and industry best practices. The partnership between RKL and FMFCU continues to flourish, providing the Credit Union team with ongoing cost-savings and peace of mind.
To learn more about how RKL can drive real results for your organization, send us a message or contact one of our local offices.
