Join us when David Tuyo, CFO, Power Financial Credit Union, shares his finance leadership mind-set and explains how talent and technology are advancing the credit union into the future.
Made Possible By
Over the next 12 months, what are your priorities as a finance leader?
David: Profit really is about efficiency. We’re embarking on this, as we upgrade our systems … but we don’t want the new systems to just do what we’ve always done. We want to really take an analytical approach and an industrial engineering approach and make sure that we are doing proper process improvement and gaining the efficiencies that the newer systems have to offer. That’s one.
Initiative two is going to be acquisition. We’re obviously seeing banks and credit unions continue to shrink each and every day. On average, one per day is being merged away. Whether it’s credit unions or banks, it’s one per day credit union, one per day bank. And we want to be on the acquiring side of that equation.
And then, finally, enhancing the member experience. Again, just continuing to focus on becoming easier, cheaper, and faster to do business with.