HIGHTSTOWN, N.J. – September 29, 2016 – The New Jersey Credit Union League will offer customized performance reports to credit unions as a free benefit of membership in 2017, part of a series of new initiatives focused on meeting member needs with strategic and operational solutions. Drawn from NCUA Call Report data, the quarterly reports will help credit unions compare current results against past results, planning or regulatory goals, and peer groups.
Every credit union attending the NJCUL Annual Convention in Atlantic City (Oct 16-18, 2016) will receive a copy of their personalized report with current YTD 2016 data.
“Our goal as a state league is to provide valuable and relevant solutions to our members that help them grow and be more productive,” said David Frankil, NJCUL president/CEO. “These customized reports meet both criteria, providing the information a credit union needs to assess their performance against historical benchmarks and peer groups.”
Each section includes easy-to-read graphs, and an analytical guide to help executives interpret data in the most meaningful way possible. Sections include:
- National Industry Highlights
- Peer Group Descriptions
- Peer Group Ratios
- Growth Trends and Earnings
- Earnings-Net Income/ROAA
- Fee and Other Income
- Capital Analysis
- Productivity Measures
- Spread Analysis
- Five-year Financial Comparison
For more information on the League’s 82nd Annual Meeting & Convention, Inspire 16, please visit www.njcuconvention.com.