Finding and retaining top-tier CFO talent is a challenge many small and mid-sized credit unions face. Limited budgets and stiff competition from larger financial institutions often make the idea of hiring a full-time CFO feel out of reach. Yet, strong financial leadership is more critical than ever, especially as credit unions navigate complex regulations, growth opportunities and evolving member needs.
That’s where fractional CFO services come in. Unlike traditional CFO roles, fractional CFOs offer experienced, on-demand expertise customized for smaller credit unions. Fractional CFOs are not just number crunchers, they’re trusted advisors who help craft financial strategy, improve reporting and support key decisions, all without the cost or commitment of a full-time hire.
Why Fractional CFOs Are A Game-Changer
Smaller credit unions usually have staff members who wear multiple hats, with financial-leadership duties shared among several roles or handled by external accountants focused on compliance rather than strategy. This can lead to reporting delays, missed financial opportunities, and stress on teams juggling multiple priorities.
A fractional CFO fills this gap with focused, flexible support. They help clean up general ledgers, manage month-end closes, prepare budgets, and provide clear, actionable forecasts. More importantly, they bring a strategic lens that aligns financial operations with your credit union’s mission and long-term goals.
Having served more than 25 years in financial leadership roles at credit unions, I’ve witnessed firsthand how critical strong financial leadership is, especially for smaller institutions where resources and bandwidth are tight. A fractional CFO can be a true game-changer.
“Having served more than 25 years in financial leadership roles at credit unions, I’ve witnessed firsthand how critical strong financial leadership is, especially for smaller institutions where resources and bandwidth are tight.”
Real Impact For Credit Unions
In my experience, credit unions that leverage fractional CFO services often gain clearer financial insights and improved regulatory compliance. It’s not just about having the numbers right. It’s about understanding what those numbers mean and how to act on them. For example, during budget season, I’ve helped teams move beyond spreadsheets to build forecasts that actually reflect operational realities and strategic priorities. That shift alone can transform decision-making.
When credit unions grow, merge or face changing regulations, those transitions can feel overwhelming without the right guidance. When navigating complex mergers, having a seasoned CFO involved early ensures smooth integration of financials, mitigated risks, and preserved member trust. Having someone who understands the nuances of credit union operations — and who can translate that into financial strategy — is invaluable.
Additionally, I know how much stress can fall on internal teams juggling day-to-day accounting and compliance work alongside strategic planning. A fractional CFO helps relieve that pressure, providing dedicated leadership that anticipates issues before they arise and supports staff growth.
At CU*SOUTH, we integrate fractional CFO services closely with accounting support to offer a comprehensive approach. That means you’re not just compliant, you’re positioned for sustainable success. From onsite visits to remote collaboration, we tailor our involvement to what your credit union needs most, respecting your culture and your goals.
A Smart Investment In Your Credit Union’s Future
For many small and mid-sized credit unions, fractional CFO services strike the perfect balance of expertise, affordability and flexibility. It’s a smart investment that reduces financial stress and opens doors to innovation and growth.
Ready to strengthen your credit union’s financial leadership without overextending resources? CU*SOUTH is here to help. Contact us to learn how our fractional CFO services can empower your institution to thrive.
CU*SOUTH, a 100% credit union-owned CUSO, champions credit union growth and embraces innovation to deliver top-tier, future-ready core processing, digital banking, and essential services that redefine member experiences.
Shari Weber is the director of financial services and CFO consultant at CU*SOUTH. With more than 25 years of credit union finance leadership, Shari brings deep expertise and a strategic approach to helping credit unions strengthen their financial foundations.