Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNA CFO Council Paper Offers 'Portrait of Modern CEO'
MADISON, Wis. (12/13/13)--Replace "bean counter" with "guardian of financial health." Add growth strategies to the equation of math and finance. Put together, you have today's chief financial officer, according to a new white paper from the CUNA CFO Council.
 
"Portrait of a Modern CFO" paints a picture of a CFO who meets compliance challenges as well as balances financials. It provides an industry perspective of CFOs' evolving roles, at an individual and business level.

The paper cites the International Federation of Accountants, which said today's CFOs are expected to:
  • Be the guardian of the organization's financial health;
  • Participate in driving the organization toward achieving its objectives;
  • Increase support of strategic and operational decision-making in a business partnering capacity; and
  • Fulfill traditional stewardship responsibilities related to governance, compliance and control, and business ethics.
The white paper presents the typical four categories of CFOs--finance experts, performance leaders, growth champions and generalists--and offers ways for current CFOs to assess their strengths.

Three credit union CFOs are interviewed in the white paper: Robert Reh, CIO, Nassau Financial FCU, Westbury, N.Y.; Brian Hughes, vice president of finance, wealth and business solutions, Sun FCU, Maumee, Ohio; and Paul Meissner, CU of America, Wichita, Kan.
RSS print
News Now LiveWire
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
17 minutes ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
8 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
9 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
12 hours ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA http://t.co/3kw79HJUYF
12 hours ago