Share insurance and the power to regulate a state credit union’s operations are separate and distinct powers afforded the NCUA and the NCUSIF, or a state credit union regulator and a private share insurer. The firm’s Principal, Dennis R. Adams, having been involved with numerous credit unions that converted from federal to private share insurance, brings a strong background on suggested practices when dealing with your share insurer, whether private or federal.

The greatest power a credit union has is its ability to change its charter, and or change its share insurer. Dennis is skilled in all aspects of the process in changing charter, or changing share insurer, having spent over 36 years assuring numerous successful conversions from federal to private share insurance, which on occasion involved the simultaneous change from a federal to a state charter. He is also well aware of the steps needed to convert from private to federal share insurance. His assistance and strategies could mean the difference between a successful or unsuccessful effort to change insurance and/or charter.

With over 46 years of experience observing credit unions develop good…and sometimes bad…strategic plans, Dennis, as a CPA and a share insurance executive, knows what areas to avoid in the planning stages. He can help your credit union set its plans in a way that assures compliance with governing statute, while best serving your members at the least cost to all.

Over his 46 years of serving credit unions, Dennis has spoken before many large crowds, hundreds of boards of directors, numerous state and federal regulators, legislative committees, and has met with over 100 state and federal legislators, so speaking in public is natural to him. As an Adjunct Instructor of Finance at the MBA level for 17 years, he has also imparted financial knowledge to help hundreds of developing professionals. He has even presented the concepts of non-government share insurance to representatives of the cooperative movements in numerous foreign countries and helped the World Council of Credit Unions and the Guatemalan cooperative movement develop a share insurance plan, which 10 years later he was invited back to assess.

As a practicing CPA for 10 years, the firm’s Principal worked almost entirely with credit unions, and while the President/CEO of ASI, his time was committed to helping credit unions solve problems to assure their survival. At the very root of fiscal and regulatory survival is profitability and strong capitalization. Further, a sound financial plan can only work when teamed with a carefully developed business plan. Let Dennis be part of your budgeting and business planning processes…after all, it never hurts to have an independent and experienced perspective on your plan and budget.

One of the greatest challenges for credit unions today is knowing how to “work” with their state or federal regulators. A bad relationship with a field or office representative can color the results of any exam and the final reporting. Dennis can examine the issues you may be facing and advise you as to how to navigate the events towards the best results for the credit union while maintaining compliance with your governing statutes, rules and regulations.

Often a credit union finds itself operating contrary to governing statutes or existing rules and regulations. With over 46 years of hands-on experience working with dozens of state and federal credit union statutes, Dennis can work with you, and select outside counsel where necessary, to best understand the nuances of your governing statutes, rules and regulations as they impact your credit union.

Industry consolidation has been a reality since the 1970s, and it is not likely to stop. Mergers and acquisitions are often a core mission for many credit unions. Let Dennis help your credit union by adding another perspective on your direction and targeted acquisitions. Sometimes bigger isn’t necessarily better. With his 46 years of experience as a CPA working with credit unions, the firm’s Principal has seen a lot of good…and bad…merger decisions. Let him supplement your analysis during the assessment stages.

Over the years Dennis has witnessed numerous credit union failures due to mismanagement, weak operating systems, or poor internal controls. At ASI, he was empowered to develop its first comprehensive risk management system in 1986, which could quickly identify operating and/or financial deficiencies in a credit union. He continued his oversight as this system experienced numerous changes over the years. By having this innate skill of assessing risk, he could prove of value to a credit union weathering tough times operationally.

With over 17 years as an Adjunct Instructor of Finance at two graduate schools and a licensed CFP, Dennis is well-versed in explaining and assisting others in understanding markets, interest rate movements, asset and liability management practices, investment alternatives, and credit union operating needs. Let him help your credit union find the best way to balance the critical risk between the assets you manage and the liabilities you assume.