Wilary Winn - Credit Unions

Wilary Winn is proud to say that our clients include 31 of the top 100 credit unions in the country. We offer our credit union clients a range of services that combine our financial and accounting expertise including:

We are continually engaged in research and development, and add to the services we offer after we have ensured that we have achieved a level of knowledge and expertise to meet our standards for quality and service delivery. For example, we recently developed a fully FAS 157 compliant valuation model to assist credit unions to meet the merger requirements under FAS 141 R. If you need advice on an issue not currently listed under our services, please give us a call. We may be able to help.

"Fair value accounting may seem very complex and difficult to implement. Wilary Winn's knowledge and experience have made this transition quite easy. The collaborative environment that they have provided along with timely access to their staff has expanded our understanding of fair value and our ability to share this understanding with our Board of Directors and management. I would highly recommend their services." — Michael Harden, Executive Vice President/COO, F&A Federal Credit Union

"We have historically retained our residential mortgage loans in our portfolio. In late 2005, we elected to begin selling loans into the secondary market. Recognizing that the accounting for these sales had recently changed and was complex, we engaged Wilary Winn to help us develop and implement valuation and accounting procedures before we sold our first loan. Wilary Winn demonstrated a thorough understanding and knowledge of the issues — from valuing and recording interest rate lock-in commitments at the inception of the loan to accounting for the sale of the loan, including the value of the retained servicing right. Just as importantly, the solutions they offered were practical and clearly communicated. Because of their help, we were able to enter into secondary market transactions confident that we understood the underlying economics as well as the accounting implications." — Steve Arbaugh, Chief Financial Officer, State Employees Credit Union of Maryland, Inc.

"After re-establishing our internal first mortgage loan origination and sales department in early 2008, OnPoint chose Wilary Winn, LLC as our external partner for specialized mortgage accounting considerations. Wilary Winn provided guidance and valuation services regarding Mortgage Servicing Rights (MSR), Interest Rate Lock Commitments and Forward Sales Commitments in accordance with GAAP.

OnPoint has been pleased with Wilary Winn's commitment to helping key employees understand the concepts, assumptions and mechanics of the MSR accounting and valuation process. Eric Nokken has provided clear, concise information and has been very responsive to our needs. OnPoint has been fully satisfied with our decision to partner with Wilary Winn for mortgage accounting needs." — Veronica Ervin, VP/Controller, OnPoint Community Credit Union

"We have been a Wilary Winn client since 2006 when we engaged them to value our mortgage servicing rights. They worked with us to value the portfolio, to establish rates to record new mortgage servicing rights, and to set rates to amortize our existing and newly created mortgage servicing rights assets. Wilary Winn took the time to work with us to ensure we thoroughly understood the financial implications of our recording and amortization choices. I know that when I call Wilary Winn they will answer my questions in a timely and straightforward manner." — Michael Gretkowski, CPA, Controller, New England Federal Credit Union