WASHINGTON, DC (September 18, 2014) -- The National Association of Federal Credit Unions (NAFCU) today introduced its first quarterly CU Operating Expense Report. Produced by NAFCU’s research team, headed by Chief Economist and Director of Research Curt Long, the report is based on the latest NCUA 5300 quarterly call report data and provides analysis of each NAFCU member credit union’s non-interest expense.
“With the increasingly competitive marketplace, credit unions are more interested than ever in tracking their expenses and assessing how they stand within their peer groups,” said Long. “This report offers unique member data that allows credit unions to monitor their expenses and demonstrate to their boards and members how they are keeping expenses in check.”
The Operating Expense Report shows:
- annual and quarterly operating expense trends;
- percentile ranking against other credit unions;
- peer group average comparison; and
- contributions to a member credit union’s total operating expense.
The NAFCU CU Operating Expense Report is produced quarterly and provided as a benefit of NAFCU membership. Members with questions about the report can send an email to research@nafcu.org.
About Us:
The National Association of Federal Credit Unions is the only national trade association that exclusively represents the interests of federally chartered credit unions before the federal government and the public.