CU*Answers publishes CU statistics gathered from My CU Today
GRAND RAPIDS, MI (January 6, 2017) — CU*Answers, the 100% credit union-owned CUSO, recently published information on credit unions using its My CU Today product, an online tool for tracking data related to your credit union. In 2016, credit unions using the service experience the following growth:
- Closed end loans grew from $5.64 billion to $9.23 billion
- Open end loans grew from $0.79 billion to $1.06 billion
- Share balances grew from $5.01 billion to $5.70 billion
- Net member growth of 19,711 members
- Number of checking accounts grew from 601,363 to 742,733
Keegan Daniel, Vice President of Professional Services, stated that “My CU Today is a great resource for credit unions to track their data consistently, every single day. Data is presented in a format that is easily digested and can be shared with employees, board members, and other stakeholders. There has never been a better time for credit union to use this data to incorporate conversations into their board meetings, justify value of investments made, and to quantify the success of a campaign.
To learn more, visit https://mycutoday.com/.
About CU*Answers
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded in 1970, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 2 million members and $26 billion in credit union assets. For more information, visit www.cuanswers.com.
