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Cornerstone Introduces Personal Performance and Economic Report
Monday, February 13, 2017 7:00 AM

Cornerstone Credit Union League is excited to introduce a new dues-supported product called the Personal Performance and Economic Report. This report provides two valuable sources of information in one offering:

  • The Personal Performance Report is customized for each credit union using NCUA 5300 data and will be updated each quarter.
     
  • The Economic Report incorporates Cornerstone-driven results with narrative that addresses time-sensitive topics and a listing of top-performing credit unions in the Cornerstone region.

Cornerstone EVP, CFO, and Chief Member Services Officer Karen Hart says, “The Cornerstone League is very pleased to offer this new service to our member credit unions. There is a wealth of data contained in these reports that will allow credit unions to even better understand their environment and serve their credit unions, and Cornerstone is pleased to serve as a partner with you in this endeavor!”

Your credit union’s Personal Performance Report offers a five-year historical trend analysis in the critical operational areas of capital, asset quality, earnings, and liquidity. Metrics providing basic concentration and growth results are also included. Twenty-four key ratios are illustrated in graph format, and each graph provides a five-year trend for your credit union, plus peer comparison by NCUA asset category and league and national levels. Also included is a list of formulas used to calculate your ratios. The formulas provide the detail needed to recognize and target specific issues that impact the success of your credit union.

The Economic Report provides a beneficial economic overview generated exclusively for members of Cornerstone. It includes aggregate information for Cornerstone in addition to regional and national credit union peer performance. This narrative includes relevant economic data and trends for the current quarter presented in informative, easy-to-understand graphics accompanied by clearly written explanations.

Special features within this report include:

  • Current Hot Topic. Each quarter, the Economic Report highlights a targeted operational topic providing a more detailed overview of the issue and possible success strategies to consider.
     
  • Cornerstone Credit Union Leaders. Showcases the top-performing Cornerstone credit unions in critical areas such as loan growth, member growth, and net worth.

The Personal Performance and Economic Report is another example of Cornerstone’s commitment to serving as an essential partner in advancing the success of your credit union.

If you have questions about this report, please contact Cornerstone VP Asset/Liability Management Deborah L. Rightmire at 469-385-6496, toll free at 800-442-5762, ext. 6496, or via email at drightmire@cornerstoneleague.coop.