Credit unions celebrating first quarter financials that suggest an end to the industry's recession woes should refrain from popping champagne corks, said consultant Tom Glatt Jr.
Wilmington, N.C.-based Glatt Consulting's Credit Union HealthScore shows that not only did the first quarter 2013 score drop compared to one year prior, the data also reveals some long-term viability issues that could continue to drag on industry success.
The HealthScore combines 11 financial measurements that include net worth, return on average assets, expense management, credit quality, member relationships, loan-to-share ratios and membership and asset growth.
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