Having enough employees to adequately handle members’ needs is vital to providing the type of service required to keep account holders happy.
For CEOs of credit unions who manage among the highest net margin rates in the nation, their success is all about two things: knowing their members and watching their financials like Ebenezer Scrooge.
Efficiency ratios are like golf scores – the lower your number, the better your game. Golfers with the lowest scores are considered pros, and their performances are hard to beat.
What do New York City yellow taxicabs drivers, Evangelical Christians and eastern European immigrants have in common? They all depend on credit unions to own a business, worship at their church and own a home.
All credit unions hope for a positive return on equity, maybe even an exceptional one, but primarily as a byproduct of successful strategies employed in serving members.
When it comes to generating a high return on assets, the general consensus has been that smaller credit unions have a tougher time achieving that goal. Or do they?
Dodd-Frank significantly shifts noninterest income sources. Find out where the new revenue streams flow.
Compared to other $10B+ cooperatives, the Vienna, Va.-based credit union tops the list for fee income.
Rule would require 10% of credit union assets in residential mortgages to stay in Federal Home Loan Bank system.
The $29B State Employees’ CU says it’s ready for NCUA’s stress testing procedure.