Carolinas Financial Council Meets To Discuss ALM Concerns, Among Other Issues
Nearly 50 credit union CFOs and other staff with financial responsibilities met here as part of an event hosted by The Carolinas Financial Council. The CFC was organized in 2004 by First Carolina Corporate Credit Union, and serves as a regional resource and idea forum dedicated to financial topics relevant to credit unions in the Carolinas.
"This Council was designed to appeal to credit unions of all sizes," said Fred Eisel, senior vice president/chief investment officer for First Carolina.
Participants at the meeting included the $12-billion State Employees Credit Union to some of the smallest credit unions in the southern states. "The importance of sophisticated asset/liability management and innovative financial strategies is a shared interest of credit unions large and small-and a key element of focus for the Carolinas Financial Council," Eisel said.
The meeting's educational sessions addressed different types of investments and techniques for effective portfolio management. The participants also broke into groups for the final session of the day, and reviewed current challenges facing credit union financial managers which provided valuable ideas and discussion, as well as an excellent networking opportunity.
For info: www.firstcarolina.org.