March 14, 2013 – NAFCU on Wednesday introduced CU Industry Trends report, a new quarterly tool to help credit unions compare their performance to industry trends and remain competitive in the marketplace.
NAFCU Chief Economist David Carrier said the report is the association’s latest tool to help credit unions keep their competitive edge in today’s demanding marketplace. “With diminishing margins and growing demands, credit unions must respond swiftly to changing conditions and adjust their tactics accordingly,” he said. “This report provides them with the vital market intelligence they’ll need to remain nimble.”
The report includes:
- Key federal credit union trends, including membership, loan growth, share growth, loan-to-share ratio, and return on average assets.
- Loan yield, cost of funds, and net interest margins by region, asset class, and savings type.
- Loan growth by region and asset class for first mortgages, other real estate, member business loans, and auto loans.
- Top federal credit union growth rankings by region and asset class.
Carrier said that NAFCU has increased its data offerings for credit unions this year because it recognizes that information is power. “This report, coupled with the recently launched CU Performance Benchmark report, is a powerful resource for credit unions to meet the fierce challenges of today’s financial markets and continue to provide their members the low fees and competitive rates they have come to expect from their credit union,” he said.
The NAFCU CU Industry Trends report and CU Performance Benchmark report are quarterly and provided free as a benefit of NAFCU membership. Members with questions about the reports can send an email to firstname.lastname@example.org.