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CFO Challenges: Excess Capital, Tight Margins, and Finding Growth

Keeping a watchful eye on the bottom line is one of the many critical duties for which a credit union CFO is responsible, but as of late, knowing how to navigate around an inverted yield curve and deal with "razor thin" spreads have made it that more complex in a...

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LANSING, Mich. — Keeping a watchful eye on the bottom line is one of the many critical duties for which a credit union CFO is responsible, but as of late, knowing how to navigate around an inverted yield curve and deal with “razor thin” spreads have made it that more complex in a fiercely competitive marketplace.

For starters, one of the bigger issues is the prudent and efficient use of capital, which nearly all credit unions have to deal with right now, said Brian McVeigh, senior vice president and CFO at $780 million NuUnion Credit Union.

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