CPA Firms Tap CU Market

MADISON, Wis. – Callahan’s “2003 Guide to Credit Union CPA Auditors” finds that in the aftermath of Arthur Andersen, other auditing firms have stepped up to compete for credit union business. According to the guide, McGladrey & Pullen, LLP, with over 600 total credit union clients, serves the largest number of credit unions. In addition, the firm has the largest number of credit union clients over $500 million in assets with 72 as of March 2003 up from 55 in June 2002. As of March 31, 2003 there were 221 credit unions over $500 million in assets compared to just 189 credit unions June, 2002. Rounding out the top ten that serve 70% of the $500 million in assets market and offer services to 29% of those credit unions with over $40 million in assets are: Orth, Chakler, Murnane & Co.; Pricewaterhouse Coopers; Clifton Gunderson, LLP; Nearman & Associates; Ernst & Young; Wolf &Co., P.C.; Deloitte & Touche; BKD, LLP; and KPMG. For more information on Callahan’s 2003 Guide to Credit Union CPA Auditors call Jeff Lanzen at (800) 446-7453