Credit unions of $250 million and up are invited to participatein the next benchmarking study from Cornerstone Advisors inScottsdale, Ariz.

Participants will receive the report free for their effort infilling out the online survey, the data from which will be used toproduce the 2012 version of “The Cornerstone Report: Benchmarks andBest Practices for Credit Unions”, the consultancy said.

“A great deal has happened in the industry since our inauguralcredit union study in 2006, and we believe there will be anenormous amount of interest on the part of these credit unions togauge not only how their performance held up through the GreatRecession, but how their competitors sustained operations throughthe economic crisis over the last several years,” said ScottSommer, Cornerstone president/CEO.

The survey includes staffing, productivity, revenue and feeincome benchmarks, as well as an analysis of technology utilizationand spending. Participating credit unions will receive threecomplimentary copies of the $995 report and an individual scorecardfor their institution.

Cornerstone said more than 70 institutions took part in its2008 study and that the consultancy has bolstered its owntechnology for doing the work.

“The new Web-based platform will greatly simplify the surveyprocess, significantly reduce the time commitment for studyparticipants, and add a new layer of security to the data submittedby participating credit unions,” said Scott Hodgins, Cornerstone'sresearch director.