Performance Measurement

Graduating from Data Analytics to Data Utilization

By: Sharon J. Lorman
Jeffrey P. Marsico
Benjamin T. Crowley

Guest: Steven M. Fusco, EVP Chief Financial Officer, Spencer Savings Bank

Podcast Show Notes:

Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking topics. TMIB is available on the last Wednesday of every month here, and on Apple and Droid podcast apps for your listening enjoyment. Join us on your commute, at your desk, or at home.

Topic: Graduating from Data Analytics to Data Utilization

Our guest is Steven M. Fusco, EVP Chief Financial Officer, Spencer Savings Bank

Does your financial institution have data-driven decision making? While many community financial institutions have access to data, many don’t use it to deepen knowledge of customers and potential customers, grow the business, create a performance culture and improve profitability. Spencer has been a Performance Measurement client of The Kafafian Group since 2017 and uses the information to make data-driven decisions. Where else are they using data to drive decisions that enhance how they deliver to customers and improve performance? Steve provides his insights into what Spencer is doing, will be doing, and general thoughts on how financial institutions should be using data. Listen and enjoy!

Steven (“Steve”) M. Fusco
EVP, Chief Financial Officer
Spencer Savings Bank

Steve Fusco is an experienced C-Suite banking executive with over thirty-five years of experience in managing accounting and treasury functions, strategic planning, profitability management, business intelligence, risk management, regulatory compliance, operations, credit, mergers and acquisitions and consulting experience in the financial services industry. He has been the CFO and EVP of Spencer Savings Bank, a $4 billion in assets mutual bank, since 2019 and is responsible for the overall management of Spencer’s Finance and Corporate Services Divisions.

Fusco earned a BS degree in Finance from Seton Hall University and an MBA in Management Information Systems from St. Peter’s University. He is a Certified Management Accountant (CMA) and Certified Financial Manager (CFM). Fusco is an active member of the national Financial Managers Society (FMS) and was the past Chairman of the Board (2017-2018) as well as a Board member for 7 years, a past president of the FMS NY/NJ Chapter and was Chairman of NJ Bankers CFO Committee. He was also a Board member of the Meadowlands Y. In 2021, he was named a “Leader In Finance” by NJBIZ, New Jersey’s leading statewide business newspaper.

This podcast relates to The Kafafian Group’s Performance Measurement service. Click here for more information.

Watch for episode 97 of This Month in Banking to be released on Wednesday, February 28th, 2024, and a new episode on the last Wednesday of every month.

Thank you for listening!