Originally published by CU Today .
When asked what takes up most of their time nowadays, many credit union CFOs might say, “Managing more comprehensive risk-management procedures.” The financial crisis may be in the past, but it cast long shadows across the lives of credit union CFOs. In addition to their traditional responsibilities of financial reporting, treasury duties, financial forecasting and modeling, they now must offset risk and reward in a much more complex regulatory environment. The bottom line: Asset/liability management demands have become more involved and more time-consuming.
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The content in this article is provided for informational purposes and should not be relied upon as recommendations or financial planning advice. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. While such information is believed to be reliable, no representation or warranty is made concerning the accuracy of any information presented. Statements herein that reflect projections or expectations of future financial or economic performance are forward-looking statements. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or actual performance. No representation or warranty can be given that the estimates, opinions or assumptions made herein will prove to be accurate. Actual results for any period may or may not approximate such forward-looking statements. No representations or warranties whatsoever are made by ALM First Financial Advisors as to the future profitability of investments recommended by ALM First Financial Advisors.
