Published in: 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.