Call them chief financial officers. Or senior vice presidents of finance. Or just the head bean counters. These are people who perhaps best understand and rely on benchmarks to gauge the performance of their credit unions relative to the industry.
But they're not the only ones who can glean valuable information from these metrics. Marketers, lenders, the rest of the C-suite and every other stakeholder in the back office can learn much from these measures about how the credit union movement is doing on the balance sheet and beyond.
Some of the easiest metrics for non-accountants to grasp are those that have been capturing industry headlines: Record lending levels and asset growth, for instance. But continuing tight margins from sustained low interest rates and slowly rising operating expenses make some other benchmarks worth watching.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.