OneAZ Credit Union opened its doors in 1951 to provide financial services to state employees in Arizona. Since that time, the credit union has expanded its membership to include anyone that lives or works in Arizona. OneAZ currently has approximately $2.4 billion in assets and 140,000 members across 23 branches.
OneAZ’s four-person internal audit team is responsible for audits throughout all operational and compliance areas and acts as a liaison for external audits and examinations. Internal Audit also fulfills an advisory role on special projects, including new systems, projects or product implementations.
“Our role as a trusted advisor is something that has evolved,” said Jason Garlutzo, Internal Audit Manager with OneAZ Credit Union. “It’s been positive to have senior management recognize the importance of being proactive and include risk management and internal audit in the early planning stages of any new initiative. Now, we can identify issues at the onset rather than going back after the fact to do clean up.”
When Garlutzo joined OneAZ, the credit union used a “clunky” legacy system managed by the internal IT department. As it became more difficult to maintain and modify the legacy system for internal audit’s workflow, they replaced it with the TeamMate AM, and more recently, with TeamMate+.
OneAZ also implemented TeamMate Analytics, a powerful, Excel-based audit analytics tool designed for ease of use by every auditor on the team regardless of their IT skill level. TeamMate Analytics also integrates seamlessly with TeamMate+ for a more streamlined workflow from test performance through results documentation. Microsoft Excel documents can be shared and saved between the two systems with just one click. According to Garlutzo, data analytics has become a necessary component of their audit process.
