MADISON, Wis. (11/25/14)--CUNA Councils announced Monday that applications for the inaugural CFO Awards, hosted by the CUNA CFO Council, are now available. The new CFO Awards will honor credit unions and individuals demonstrating financial management excellence.
"Without proper financial management, credit unions would be unable to function and make an impact in their members' lives," said John Meeker, CFO Council membership committee chair and senior vice president/chief financial officer, Caltech Employees FCU in La Canada Flintridge, Calif., with $1.2 billion in assets.
"It's for that reason that we feel it is especially important to honor those responsible with the finance awards for all the hard work they put in. There is no better way to show your appreciation than to nominate your team members for an Excellence in Finance or CFO Professional of the Year Award," Meeker added.
The Excellence in Finance Awards will recognize finance departments with innovative solutions and successful approaches in financial management. The awards will honor achievements in board education, collaboration, credit risk management, expense reduction and control, financial literacy, portfolio management, interest-rate risk management and project management. Entry materials are due March 20.
The CFO Professional of the Year Award recognizes an individual who consistently exemplifies excellence in credit union financial management. Nominations must be submitted by Feb. 27, and entry materials are due April 1.
The award winners will be announced and receive the awards at the 2015 CUNA CFO Council Conference in New Orleans on May 17-20.