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CFOs: What issues are most concerning right now?
As credit unions continue to deal with changing regulatory and economic environments amid the coronavirus pandemic, NAFCU wants to know: What issues are keeping industry CFOs and related financial executives up at night?
Via a one-question survey, credit union CFOs, vice presidents of finance, controllers and those in other finance-related roles can share the top three issues they are most concerned about in the next six months to a year, including:
- taxation;
- interest compression;
- decline fee income;
- default rates;
- loan volume;
- government regulations regarding collections;
- recession;
- turnover; and
- employee morale.
A link to the survey – for credit union CFOs and related financial executives – is available here.
NAFCU has several opportunities for CFOs and finance professionals to explore issues impacting the credit union industry and connect with peers on strategies. The CFO Network is a great place to pose questions and engage in real-time discussions in an online community exclusively for NAFCU member CFOs. In December, CFOs will get immediately-actionable data, strategies and tactics to guide credit unions effectively through the changing economic environment at NAFCU's Virtual CFO Summit (register and view agenda now).
Stay tuned to NAFCU Today for the latest economic insights and opportunities for financial strategy development.