MSUFCU Recognized for Innovation by the Association of Credit Union Internal Auditors
EAST LANSING, Mich. — MSU Federal Credit Union (MSUFCU) is pleased to announce a second place award for its internal audit department team by the Association of Credit Union Internal Auditor's (ACUIA) annual Best Audit Practice contest. The award recognizes the Credit Union’s internal audit team for creating and implementing an audit engagement checklist to improve the audit process.
“This is an outstanding recognition for our internal audit team,” said Jim Hunsanger, MSUFCU's Chief Risk Officer. “Rob Johnson, our Chief Internal Auditor, and his skilled team of audit professionals showed much initiative creating a comprehensive audit checklist to ensure we are performing at the highest level.”
A best audit practice is defined by ACUIA as any auditing routine, procedure, audit program step, or audit technique developed to contribute to an effective audit or cover an administrative function for an audit department. Criteria for selecting winners included originality, ability to implement or use/reuse, adaptability to the credit union size, overall value to the credit union, and the value to the audit department. The MSUFCU internal audit team received the award at the ACUIA's annual conference held in June in Chicago. The team consists of six employees.
MSUFCU has a national reputation for excellence and has received several top industry and workplace awards. For the sixth year in a row, MSUFCU was named as a Top Workplace in the large employer category by the Detroit Free Press. Last year, it was also recognized as one of CU Journal’s Best Credit Unions to Work For, a Best Workplace for Women by Fortune Magazine, an Outstanding Credit Union of the Year by the Michigan Credit Union League, a Michigan Best and Brightest in Wellness award winner, and is certified as a Great Place to Work®. MSUFCU has also been nationally recognized for its financial education initiatives, ranking first in Michigan and second in the nation for the 2017 Alphonse Desjardins Adult Financial Education award by the Credit Union National Association. Founded in 1937, MSUFCU has 18 branches, over 260,000 members, more than $4.1 billion in assets, and nearly 900 employees.