MSUFCU recognized for innovation by the Association of Credit Union Internal Auditors
EAST LANSING, MI (October 2, 2018) — 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.
About Michigan State University Federal Credit Union (MSUFCU)
Founded in 1937, MSUFCU has a national reputation for excellence and has received several top industry and workplace awards, including being named a Best Credit Union to Work For® by American Banker for the fifth year, a Top Workplace by the Detroit Free Press for 11 consecutive years, a National Best and Brightest Companies to Work For® winner for six consecutive years, and was named one of the top five Michigan credit unions in Forbes’ Best-in-State Credit Unions 2021 list. MSUFCU was named a Best Workplace in Financial Services and Insurance by Fortune Magazine two consecutive years and has been certified as a Great Place to Work® for nine consecutive years. MSUFCU has been recognized by the Credit Union National Association, earning first place for the people-helping-people philosophy Louise Herring Award. MSUFCU is headquartered in East Lansing, Michigan; has 22 branches; nearly 338,000 members; more than $7.28 billion in assets; and nearly 1,200 employees. For more information, visit msufcu.org.
