Selden Fox Credentials to Match Your Demands The professionals at Selden Fox have made a conscious effort to learn about credit unions. We've taken the time to understand your products, services, regulations and entire industry. We support and are active in the credit union movement. And, we continuously strive to expand our knowledge of areas affecting credit unions. Over the last 25 years, we've worked with more than 50 credit unions throughout Illinois, ranging in size from $7 million to $550 million in assets. From an accounting standpoint, Selden Fox's Credit Union Services Group has conducted hundreds of credit union audits, both external and internal. We have evaluated internal controls for numerous institutions and provided advice on regulatory matters, accounting matters, and a myriad of other financial matters. We have designed or evaluated credit union accounting or procedural systems and conducted due diligence for credit union clients considering mergers and acquisitions. But, our work hasn't stopped at the accounting function. Committed to facilitating the success of each credit union as a whole, we have also provided counsel on industry risks, management issues, and employee concerns. We have developed and delivered specialized training programs for credit union boards and supervisory committees and assisted with strategic planning. We interpret regulations, support management's efforts to bring credit unions into compliance and have even influenced changes to regulations. Finally, there is one critical factor that gives Selden Fox unique - and exclusive - insight into the credit union industry; our work as the accounting firm of the Illinois Credit Union League and its subsidiary, ICUL Service Corporation, the ICUL Foundation and Credit Union Political Action Committee (CUPAC). Selden Fox understands that the relationship between our firm as external auditors, Credit Union management, and your Supervisory Committee is of the utmost importance. A proper and well functioning financial services entity exists when these three groups form a support system for responsible financial disclosure and active participatory oversight. We encourage open, regular, frank, and confidential dialogue so the Supervisory Committee and management are in a position to utilize the knowledge of the external auditors in assessing controls, management, internal audit needs, and the impact of each on the quality and reliability of the financial statements and financial reporting process.

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