Through independent research and innovation, the Filene Research Institute explores issues vital to the future of credit unions and consumer finance.
Why do many large credit unions grow rapidly and thrive, while others produce much slower growth in assets, membership, and earnings? Robert F. Hoel, Colorado State University Emeritus Professor of Business and a Filene Research Fellow, sought to answer that question by analyzing data from a five- year period beginning January 2002. The result is the report, Thriving Large Credit Unions.
categories » Lending, Life Cycle and Evolution of Credit Unions, Performance Measures, Small Credit Unions
So, Jeff Bezos and Rick Craig walked into a bar … Rick who? You know, the CEO of America First Credit Union in Utah. OK, he may not be a drinking buddy of Amazon founder Jeff Bezos, but his credit union has taken a page from the the retail pioneer’s play book.
categories » CU Tomorrow, Innovation, Performance Measures
Credit unions have many yardsticks against which to measure success, and one standard industry benchmark is financial performance against “high-performing” credit unions.
The challenge is that what exactly “high-performing” means can vary amid the wide variety of sizes and types of credit unions in the marketplace. How can a credit union measure success when industry averages simply aren’t useful as comparison?
categories » Performance Measures, Risk Management