With the recent recession forcing many credit unions to tightly manage expenses to maintain the bottom line, the role of the chief financial officer has continued to evolve.
That's according to a new CUNA CFO Council white paper that looked at expense management practices, which go beyond budgeting to encompass strategic planning, process improvement and revenue generation.
The research for A New Era in Expense Management is based on information gathered from CFOs, other financial executives and consultants.
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