NAFCU Announces New Key Financial Analysis Delivery

ARLINGTON, Va.-NAFCU rolled out a new twist on an old service for its members by including its key financial ratio analysis on the organization’s Web site (www.nafcu.org). The trade group, in partnership with Sheshunoff Information Services, has moved its key financial ratio analysis from the paper dimension to the online world, according to NAFCU Economist Tun Wai. The advantages of the access through NAFCU’s Web site is quicker access to figures, and credit unions can make copies. Because of NCUA’s new requirement that all credit union file 5300 Call Reports quarterly, the information is also more up-to-date. For the time being, however, NAFCU’s state chartered members will not be able to utilize this service, since states have different requirements and definitions of various criteria, Wai explained. He added that NAFCU is working on getting access for NAFCU’s state chartered members. He commented, “Peer comparison has always been a controversial kind of analysis to say the least.” The data will be accessible to members at no charge and nonmembers willing to pay for the information. For access, click on `Key ratios’ in the top right corner of NAFCU’s home page.