Regulation
PRA Approach to CUSOs and Regulation
Regulation of CUSOs The PRA announced at ABCUL’s Annual Conference, on 15 March 2025, that they would be looking to clarify the regulatory treatment on Credit Union Service Organisations (CUSOs).
Alexander Sloan, Credit Union Auditors, Accountants & Advisers specialise in Credit Union Audit
Why Alexander Sloan
About Us
We are experienced Credit Union auditors and Credit Union accountants. We have a detailed knowledge of the sector as a result of providing Credit Union audit for over 25 years. During this time we have worked with a wide range of Credit Unions. We work with over half of the 20 largest Credit Unions in Britain. One of the reasons we work with so many Credit Unions, is due to the support we provide. We provide our clients with a Credit Union blog, twitter feed and newsletters. We are always on hand to answer on clients questions. In addition, our mobile phone app provides the latest Credit Union news straight to your phone. If you are looking for an experienced Credit Union auditor then please contact us.
Range of Service
We provide our clients with a wide range of services. This includes, not only Credit Union Audit and Credit Union internal audit but also Business Plans and Risk Management training. We are a leading firm of Credit Union Accountants. This can be shown by the fact we have provided training and support on Credit Unions for trade bodies, Credit Unions as well as the Institute of Chartered of Accountants of Scotland.
About the firm
Alexander Sloan were established in 1867. Over the last 150 years we have been offering a personalised accountancy and advisory services to a wide range of organisations. One of the key sectors for the firm is Credit Unions. Due to the importance of the sector we have therefore created this site dedicated to Credit Union services. If you want to know how we can assist other types of business then in addition to this site we have our main website at www.alexandersloan.co.uk.
How can we assist you?
Credit Union External Audit
With over 25 years experience of Credit Union Audit we can therefore provide you with the assurance that you require.
Credit Union Internal Audit
We provide Credit Union internal audit services to some of the largest Credit Unions in Britain.
Risk Management
From helping with risk appetite statements to training we have the right solution for you.
Business Plans
Alexander Sloan have developed business plans and projections for a large number of Credit Unions.
Operational Resilience
We can assist you with your operational resilience systems.
+ Many More
Click here to see the other services we can provide.
Why Alexander Sloan
150 years of experience
Alexander Sloan were established in 1867 and have been serving the Credit Union sector for over 25 years.
Support
We ensure we keep up to date with the latest Credit Union developments. We can therefore provide our clients with a high level of support.
Experience
Alexander Sloan work with half of the top 20 Credit Unions in the UK
British coverage
We work with Credit Unions throughout Britain.
What our clients say about us
The services provided by Alexander Sloan have always been thorough, professional and friendly and given with full understanding of TransaveUK’s aspirations and challenges. Alexander Sloan has provided sound, fair and informed information to TransaveUK which has helped to make TransaveUK to become stronger and more resilient.
"We have used them for Internal Audit, Business Planning and Risk Assessment purposes.
We are very satisfied with the level of work produced by them, their knowledge of the Credit union sector and their willingness to go that little bit more for us when required.
They are very approachable when we need assistance / information out-with the remit of their scheduled work. On behalf of 1st Class Credit union I would have no hesitation whatsoever on recommending Alexander Sloan."
Alexander Sloan operate a clear strategic focus on the delivery of a high quality and valued service and their staff have a fantastic sense of professionalism at all times. We are delighted with the service provided over many years and look forward to continuing to develop our business relationship going forward.”
Alexander Sloan know and fully understand our industry, business model, risks and requirements to ensure we succeed as a going concern and adhere to accounting practices. They offer very professional skills in all areas and always respond very quickly to any problem. I would have no hesitation in recommending Alexander Sloan.”
"We have always found his training to be comprehensive, easy to understand and pitched at the appropriate level. I would have no hesitation in recommending Steven to any organisation who is considering using his services.”
"They have made a real difference to Plane Saver Credit Union, helping us to identify and rectify key issues, documenting and mitigating risk and providing Board and staff training.
I have found that nothing is too much trouble and would be more than happy to discuss my recommendation personally."
Latest News & Opinion
Latest blogs
Audit & Accounts
Changes to Accounting Standards
In September 2024, the FRC released the latest version of Financial Reporting Standard 102 (FRS 102). FRS 102 is the accounting standard that governs most Credit Union financial statements. The
Regulation
International Tax Compliance: Mandatory Registration for Credit Unions
All credit unions will be required to register with HMRC by the end of 2025 to comply with international tax regulations if new legislation is passed as currently drafted. Current
Sign up to our newsletter
