Paper Explores Expense Management

MADISON, Wis.-The CUNA CFO Council has released a white paper, "A New Era in Expense Management," which delves into expense management practices that "go beyond budgeting to encompass strategic planning, process improvement, and revenue generation." Credit union leaders stress that expense management should focus on adding value to operations." For info: www.cunacouncils.org.

3 Colo. CUs Get Community Charters

DENVER-Colorado state regulators have OK'd large community charters for three one-time employee-based credit unions, continuing the trend away from the common bond. Approved were Public Service CU to serve almost one-million people in El Paso and Douglas counties; Colorado CU to serve 900,000 residents of Douglas and Jefferson counties, and Credit Union of Denver to cover all 620,000 residents of Denver County.

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