New Jersey Credit Union League to offer new member benefit in 2017 – free customized performance reports
CHARLOTTE, NC (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
About New Jersey Credit Union League
Formed in 1934, the New Jersey Credit Union League is the statewide trade association representing credit unions and is committed to the development of the credit union movement in New Jersey. Our mission includes a full range of services, programs, products and money-saving opportunities specifically designed to satisfy a credit union's operational, financial, training, compliance and overall growth and development needs. For more information visit www.njcul.org. New Jersey’s credit unions serve 1.1 million members throughout the state with financial products and services. They offer a popular alternative to traditional banks with better rates and lower fees than other institutions. For more information visit www.bankingyoucantrust.com.