Peer group benchmarking is a great management tool to highlight opportunities, whether for productivity improvements, greater leverage, and/or for growth. You all have the ability to access your own Call Report data – what is harder is to see how you compare with your peer groups on key performance parameters for growth and productivity. With enough time and enough resources you could do the analysis yourself – after all, Call Report data is available on the NCUA Web site. But who has the time to identify who should be in your peer group, download their Call Report data, crunch the numbers, and analyze the results? Recognizing the value of these analytics, and also the time constraint of doing the analyzing yourself, the League is working with the Massachusetts Share Insurance Corporation to provide each NJCUL member credit union a free quarterly report based on NCUA Call Report data that covers a wide range of topics, including:

  • National Industry Highlights
  • Peer Group Descriptions
  • Peer Group Ratios
  • Growth Trends and Earnings
  • Earnings-Net Income/ROAA
  • Loans
  • Shares
  • Expenses
  • Fee and Other Income
  • Capital Analysis
  • Productivity Measures
  • Spread Analysis
  • Five-year Financial Comparison

We looked at numerous vendors that provide similar analyses, but what made the MSIC reports stand out were two things – first, they are well-organized with easy-to-read graphs and charts, always a plus with the volume of data in each report. Second, each section has a set of questions that help guide you through understanding how the data should be used in analyzing your credit union. So even if the process of leveraging analytics in planning and assessment is not something you do on a regular basis, these reports focus on the key issues. 

NEW: FREE CPR Webinars
To help you get the most out of this important and extensive data, the League is providing its members a series of four, free, recorded webinars led by Dr. Randy Thompson of TCT Risk Solutions, who demonstrates how to get the most of out of this vital information.

The recorded webinar topics cover all of the bases in the CPR reports: "Industry & Peer Group Analysis: trends, peer group descriptions and ratios, growth trends and earnings:" Earnings: Net income/ROAA, loans, and shares;" "Expense & Captial: Operating expenses, fee and other income sources, capital analysis and liquidity trends;" and "Overall Performance: Productivity measures, investment performance, along with net interest margin overview and 5-year balance sheet analysis."

To access the bundle of four webinars, click here. Access requires an NJCUL site login. Please reach out to Marissa Anema if you have issues logging in to this portal.

Randy is also leading two informative sessions at our Convention, taking place October 21-23 at the Golden Nugget in Atlantic City. He will cover "Using Analytics to Improve Business" and "Expanding Loan Portfolios with a Credit Builder Program." If you haven't registered yet, time is running out! For more information and to register, visit www.njcuconvention.com.