Experienced. Innovative. Accessible. The Saltmarsh Credit Union Advisor team has been working side-by-side with financial institutions in the state since 1944. Continually monitoring the industry for changes in regulations, standards and market trends to provide the best accounting, compliance and out-sourced services, you know you can rely on Saltmarsh to deliver.
Our Financial Institutions practice is one of the largest in the Southeast, with staff dedicated exclusively to this sector. Our team members are also industry leaders who have the knowledge and experience to provide you with unparalleled service and guidance.
TILA/RESPA Integrated Mortgage Disclosures (TRID):
October 2013 – Materials from our sessions on the Dodd Frank Act’s Mortgage Reg changes effective January 2014
We understand your time is valuable and would like to thank you for taking the time to review our website. Our firm specializes in working with financial institutions who are actively taking the steps to build success within their organizations. Many credit unions have moved to new product lines in order to bring value to their members. The dynamic regulatory environment along with these new services increases the importance of quality audit and review processes. We have a track record of successful risk-based processes that help to transform internal and external audit from being considered a cost of doing business to being a strategic differentiator.
In 2013, the growth rate of member business loans at credit unions in Florida was almost doubled that of 2012. Also, have risen to nearly twice the national credit union average.
Florida’s 158 credit unions added $154 million in new member business loans in 2013, which is an 11 percent gain from 2012.
Credit Unions in Florida had a combined $47.2 billion in assets at 2013 year’s end, up $1.75 billion from the previous year. Additionally, credit unions nationwide also grew assets, loans and deposits last year.
SNL stated that net income was an aggregate $8.22 billion in 2013, compared to $8.6 billion in 2012. It was the first drop since 2008.
As a whole, the credit union industry grew assets 3.9 percent, while loans and leases were up 7.9 percent in 2013.
The largest credit union in Florida and No. 15 on SNL’s list of 50 largest credit unions nationally, Suncoast Credit Union in Tampa, had $5.5 billion in assets at the end of 2013, up 5.8 percent from 2012. The Credit Union’s loans and leases prospered 7.3 percent in 2013, to $3.8 billion.