Opinion Audits

Internal Audit Outsource

Regulatory Compliance

Agreed Upon Procedures

Asset Liability Management

Fraud Audits and Bond Claims

Budgeting and Projections

Other Services


The principal office of Condit & Associates is located in 27 E. Home Street, Westerville, Ohio 43081. The management personnel assigned to your engagement will operate from this location but will be on site at your Credit Union during the fieldwork. The professional staff of Condit & Associates, serving credit unions exclusively consists of the following:



Position No. Total Years of Credit Union Experience
Owner 1 23
Manager / Senior Consultants 1 19
In Charge Accountants 2 8
Staff Accountants 2 2
Office Staff 3 10


About the Managing Partner:

Gary Condit

About Condit and Associates
Professional Staff
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Position

Founder and Managing Member of Condit & Associates LLC, Certified Public Accountants serving the special audit and financial needs of the Credit Union Industry. The firm was established in 1986 and has provided a wide range of services to over one hundred Credit Unions of all sizes in Ohio, Pennsylvania, Kentucky, Illinois and North Carolina. Services provided include:
  • Opinion Audits
  • Agreed Upon Procedures
  • Fraud Investigations and Audits
  • Monthly/Quarterly Interim Audits
  • Asset/Liability Management Reporting and Consulting
  • ACH Compliance Reviews
  • Regulatory Compliance Reviews
  • Process Accounting and Control Implementations
  • Accounting and Reconciliation Assistance
  • Financial Forecasting and Budget Compilations
  • IT Vulnerability and Penetration Testing
  • Supervisory and Board Training
  • Internal Audit Outsourcing
Experience 1986-Present

Condit & Associates, LLC Westerville, OH

Managing Member
Duties include development of staff, implementation of quality standards, direct participation in client engagements, presentations, training, audit procedure development, attendance at client Board Meetings, correspondence with regulators, business development and accepting responsibility for all firm activities. Have been qualified as and served as expert accounting witness in a number of legal actions on behalf of defendants and plaintiffs. Have acted as speaker or presenter for various Credit Union Industry trade organizations as well as to State and Federal credit union regulators on various topics specific to the industry.

1980-1986 Heine & Condit, CPA’s Westerville, OH
Partner
Responsible as accounting and auditing coordinator for all engagements including various Credit Union clients. Worked with a number of merger and acquisition entrepreneurs and assisted with business plans, obtaining financing for transactions and worked with investment bankers and attorneys on a number of multi-million dollar transactions. Also worked in a financial and tax consulting role for a number of small to mid-sized Companies.

1976-1980 Deloitte Haskins + Sells Columbus, OH
Senior Accountant
Responsible for audit engagements of companies in various industries including retail, banks, savings and loans, bank holding companies and companies reporting to the Securities and Exchange Commission.

Education

1972-1976 Otterbein College Westerville, OH
B.A., Business Administration with Accounting concentration

Affiliations

Certified Public Accountant, Licensed in 1978
Member Ohio Society of Certified Public Accountants
Member AICPA
Licensed Public Accountant in Ohio, Kentucky, and West Virginia