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Credit Union Financial Performance Indicators, 2021 Q4

Review the credit union system’s collective financials from Q4, 2021, and dive into insights on key findings and trends to help your credit union make adjustments.

  • Mike Higgins Managing Partner at Mike Higgins & Associates

Executive Summary

As credit unions continue to manage their performance, this report provides a quarterly benchmark on key performance indicators across the system. Filene contributor, Mike Higgins of Mike Higgins & Associates shares insights around six key indicators: operating ROA, net revenue growth, economy of scale ratio, relationship per member, product mix and excess reserves.

Credit Union Implications

As a credit union leader, it is important to keep a forward-looking perspective to anticipate how change will affect your organization. 

Traditional industry analysis has shortcomings due to GAAP (generally accepted accounting principles) that can lead to a distorted view of performance. Furthermore, the way financial information is presented is designed to satisfy a ledger style of reporting, not for managing the business. 

Using data from NCUA 5300 provides a way to look at financial trends and assess their potential impact. Download this report to find useful information and applicable concepts to evaluate your success, communicate results to others, and educate your board of directors.

Filene thanks its members and Inner Circle sponsors for helping support this research from the Center for Performance & Operational Excellence.

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