Original Air Date: March 2019
Presenter: Rob Johnson, Executive Vice President/Principal; Brian McHenry, Senior Vice President/Principal; c. myers
In today's rapidly changing environment and in order to remain relevant and sustainable going forward, credit unions need CFOs who think to differentiate and drive better decisions by helping key stakeholders link strategy and asset/liability management with the credit union’s desired measures of success. In the past, it was acceptable for CFOs to be masters of their silo, responsible primarily for the integrity of financials and providing reports to key stakeholders. Most CFOs were groomed throughout their careers to focus on numbers, analyze data, and provide profit and revenue reports.
As financial and regulatory complexity has mushroomed over the past couple of decades, and as a rapidly changing marketplace has increased both the volume and quality of today’s competition, the CFO’s role is being redefined in ways that challenge even the most astute CFO.