Mr. Pat Owens:

We do not have a problem with updating the role of treasurer. Having been written at a different time and in different circumstances, it has become outdated. Where a credit union has a manager, all the operational responsibility for the accounts should be transferred to him or her. However, to obliterate the role of treasurer is not the solution. A solution is required which allows the members and board to have either a treasurer or financial controller, financial officer or financial director - one can use whatever title one wishes - who oversees the accounts on behalf of the members.