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CU Snapshot

 Jun '17May '17
# of CUs5,911 5,922
Members
(millions)
111.7111.2
Total Assets
($ billions)
$1,378.8$1,369.6
Total Savings
($ billions)
$1,172.6$1,156.8
Net Cap.
Assets
10.6%10.6%
Loans to Savings79.6%79.9%
Loan Delinq.0.7%0.7%

         Credit Union Indicators

Build Trust to Succeed

Q&A with the CFO Professional of the Year.

Vincent Market, executive vice president/chief financial officer (CFO) at $1.6 billion asset TruMark Financial Credit Union in Trevose, Pa., was named the CFO Professional of the Year at the CUNA CFO Council Conference.

To learn more about Market and what's made him successful, Credit Union Magazine asked him a few questions.

What does receiving the CFO Professional of the Year Award mean to you?

It's humbling to be recognized by a group of your peers. I've been a member of the CUNA CFO Council for many years and truly value all of the relationships I've been able to build with my peers. The networking opportunities and the sharing of information have helped me to develop my CFO skills through my career. Many of the accomplishments at our credit union can be attributed to what I learned and experienced through the Council as well as my interactions with other professionals within the credit union industry.

What's one of the top qualities a successful manager must possess?

To me, the most important quality a successful manager must possess is integrity. Your superiors, colleagues, staff, and members must be able to trust you in order for you to succeed.

What's the best advice you've ever received?

Race car driver Mario Andretti once said, "If everything is under control, you're going too slow." I've always enjoyed this quote, but find it a challenge to live by it. I guess that's why I like it, because it's an aspiration of mine.

You can have dinner with one person from history. Who do you choose?

George Washington. During the American Revolution, with his life on the line by committing treason, he successfully won a war against what would appear to be insurmountable odds. I'd like to have dinner with him to hear what he was thinking, especially as he was contemplating his actions when crossing the Delaware River, attacking a larger and more skilled force, winning the Battle at Trenton, and changing the direction of the war.