by Hannah Kaslow | Apr 17, 2023 | Data
What Is Benchmarking? Benchmarking is the interpretation and analysis of financial information in order to make direct performance comparisons to other credit unions, banks, and customized peer groups. It enables a credit union to track internal goals, identify...
by Hannah Kaslow | Mar 31, 2023 | Data, Peer+
While benchmarking your performance against asset-based peer groups has value, relying strictly on asset size for peer group analysis can skew your benchmarks by including credit unions that don’t share much in common with your institution. Just take a look at this...
by Hannah Kaslow | Mar 24, 2023 | Data, Peer+, Strategy
Navigating Tough Questions: How to Address Board Members’ Concerns about Financial Performance As a credit union leader, you understand that one of your most important responsibilities is to articulate your credit union’s financial performance to the...
by Hannah Kaslow | Mar 8, 2023 | Data, Peer+, Uncategorized
CECL: Everything You Need To Know In 2016, the Financial Accounting Standards Board announced that they would change the methods financial institutions used to calculate and report charge-offs. This new regulation changed the method from an Allowance for Loan and...
by Hannah Kaslow | Feb 28, 2023 | Data, Peer+
Callahan’s Tips For Correctly Reporting To The NCUA The NCUA’s 1Q22 5300 Call Report contained over 1,000 new, erased, and changed codes, leaving many credit unions in the dark on how to correctly report quarterly. As credit unions familiarize themselves with...
