NAFCU Creates Space for Finance Chats

The trade group for federal credit unions has launched a website where CFOs can chat with their peers.

The NAFCU CFO Network is designed to create a space for association members to hold candid conversations on issues and opportunities relevant to finance officers.

“We heard from our member credit union CFOs that there is a need for more ways to easily network and learn from one another that are specifically in the CFO role,” the group’s EVP/COO Anthony Demangone said. “So we gathered 23 credit union CFOs to help us build an online community that does just that. With their close guidance and listening to what credit union CFOs want, we’re building something I know will be of significant value to our members.”

The platform includes “Ask the Expert” events where CFOs and industry experts answer questions on a trending topic, such as current expected credit loss (CECL) implementation, anti-money laundering trends and income-generation strategies.

This online forum comes on the heels of NAFCU’s inaugural CFO Summit held Dec. 5-6 in Fort Lauderdale, Fla. Sessions there included “NCUA Examination Issues,” “Product Repricing Strategies to Maximize Opportunities,” “Solving the CECL Challenge” and “FASB Update—All the Key Accounting Changes Except CECL.”

NAFCU members hold more than half the assets of federal credit unions. As of Sept. 30, there were 3,421 federal credit unions with $749.1 billion in assets and 61.1 million members.