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ALM Resources Offers Expense Analysis
Friday, August 21, 2015 6:35 AM

2015 marks the 29th year of Cornerstone Credit Union League offering asset/liability management services to member credit unions.  In addition to offering a semi-annual Key Ratio Report to credit unions affiliated with Cornerstone, did you know ALM Resources can also provide a customized Expense Analysis at no cost?

The ALM Resources Expense Analysis provides a comparison of expenses identified on the Income Statement of the credit union’s Call Report to those from credit unions within its NCUA peer group.  “While we don’t often suggest peer comparisons for other ratios, peer results offer the best opportunity for credit unions to compare their expenditures with credit unions of similar  asset size” says Deborah Rightmire, VP of ALM Resources.   The overall expense position is shown along with the net effect that results when expenses are offset by fee and other operating income.  A variance is provided for each category of expense.

In addition to comparison of staffing and salary/fringe amounts to total assets, the report offers comparison of your credit union with others offering similar levels of loan and draft volume.  These represent the most labor intensive services offered by credit unions and typically drive expenditures. As with the Key Ratio Report, commentary is included with the Expense Analysis.

The only additional information requested is a division of the total compensation amount in the categories of salary and fringe. While year-end is the preferable timeframe, expense analysis can also be performed using annualized June or September results.

 If your credit union would like to receive an Expense Analysis, please send your request along with a breakdown of compensation to Vicki Larkin at vlarkin@cornerstoneleague.coop.