Since January 2008, there has been a credit union merger every 1.5 days and beginning in 2013, this rate has increased to one every 1.3 days.
The sign on some credit union doors this spring might be "Help Wanted: Highly Educated Chief Financial Officers, Well-Versed in the New Accounting Rules and Ready to Put in Long Hours on Mergers." And one other requirement: the employing credit union best prepare to spend big bucks for outside accounting...
While the changes made to fair value accounting may seem like yesterday's news, it is still important to maintain a strong control environment and robust documentation over the valuation of financial instruments in order to ensure
Chief financial officers enforce policy, they don't shape it. And in a conservative industry like credit unions, trailblazing opportunities may seem few and far between for CFOs.
World Council of Credit Unions announced today the International Accounting Standards Board is seeking comments from credit unions and other financial services providers on issues surrounding fair value measurements.