about
The purpose of the website is to provide a platform to exchange ideas regarding some of the challenges and opportunities facing the credit union industry.
The credit union industry faces many challenges moving forward in the form competition, new imposed regulations, as well as the long-term corporate stabilization and special NCUSIF premiums, a decrease in loan origination, increase deposit growth, low yielding investments prospects, and tighter margins.
Being aware of both the financial complexities and the cooperative spirit of credit unions, collectively we have provided insight into some of the challenges facing the industry during these unprecedented economic times, of which, most of us have never seen during our professional careers.
Legal Disclaimer:
The website is intended to provide general information in regard to the subject(s) covered. It is provided with the intent and understanding that the publisher is not engaged in the act of rendering legal, accounting or any other professional advice. All information and data provided in this website is not intended nor should be used as a substitute for legal advice or other expert opinions and services in specific situations. edwardlis.com makes no representations as to accuracy, completeness, suitability, or validity of any information on this site. edwardlis.com will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis as this is a personal blog. The opinions expressed here represent the contributing bloggers own and not those of thier employer.
- Directly responsible for the financial operation of the credit union which includes the preparation and analysis of financial and statistical information.
- Supervise and direct staff to accomplish the objectives of the finance department and;
- Maintain a working knowledge of the general ledger system and accounting functions in accordance with generally accepted accounting principles (GAAP), and the guidance of established procedures, NCUA, and independent auditors.
- Assist in the professional development of the Credit Union’s Compliance Officer through coaching and advisement on legislative affairs, policy development and regulatory compliance.
- Keep abreast of all federal, state, and NCUA regulations.
Principal of Edward Lis LLC, a provider of viable and sustainable business, financial, and regulatory solutions.
Contributing blogger to the Credit Union Master and Credit Union Times.
Articles:
- CFO Corner: A Glass of Liquidity – Hold the Rocks: Your Liquidity Strategy
- Words of Wisdom From a Former Credit Union CEO
- Now is a Good Time to Prepare for Liquidity Changes
- Overdraft and Non-Interest Income Coming Under Threat
- Some Advice for Credit Unions “Small and “Not So Small”
CFO Council Regulatory Committee Member
The mission of the regulatory committee is to remain alert to potential regulatory, legislative and accounting standard issues related to the credit union finance professional’s position and to provide educational resources to assist council members in commenting on those issues .
With over 12 plus years of senior level management experience I’ve established a solid career in the credit union industry. Considered an accomplished individual with seasoned skills in accounting, compliance, finance, internal controls, human resources, lending and technology. Possess interpersonal, organizational and supervisory capabilities resulting in open dialog and collaboration opportunities with others.
Well respected by his peers as being decisive, a visionary, transparent, communicative, and energetic. A developed skill set for setting goals and achieving desired results, establishing priorities, and a proven track record of devising and implementing solutions to a wide range of business and regulatory challenges. I’ve led during difficult economic times driving change, achieving objectives, and effectively managing projects moving from a vision and strategy phase to implementation and final execution.
why: to excel as a executive adding value to the organization and to provide a wide range of financial services to the membership while remaining financially stable.
how: through collaboration-we collectively leverage technology and knowledge to achieve desired outcomes.
what: viable solutions are the deliverables.
Competency Statement
Accountability – Ability to accept responsibility and account for my actions.
Adaptability – Ability to adapt to change in the workplace.
Business Acumen – Ability to grasp and understand business concepts and issues.
Written Communication – Ability to communicate in writing clearly and concisely.
Detail Oriented – Ability to pay attention to the details of a project or task.
Ethical – Ability to demonstrate conduct conforming to a set of values and accepted standards.
Judgment – The ability to formulate a sound decision using the available information.
Leadership – Ability to influence others to perform their jobs effectively and to be responsible for making decisions.
Management Skills – Ability to organize and direct myself and effectively supervise others.
Member Oriented – Ability to take care of the members’ needs while following guidelines and procedures.
Presentation Skills – Ability to effectively present information publicly.
Self-Confident – The trait of being comfortable in making decisions.
Working Under Pressure – Ability to complete assigned tasks under stressful situations.
cu advisory group 