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CUs: Time to Update Your Key Ratio Report with ALM Resources
Wednesday, July 23, 2014 7:00 AM

Attention credit unions…It’s time to update your key ratio report with the June 2014 financial information. Credit unions are encouraged to send ALM Resources their June 2014 Call Report as soon as it is delivered to their chartering agency.  These can be forwarded by e-mail to vconnerly@cornerstoneleague.coop, by fax to (469) 385-6497, or by mail to ALM Resource, Cornerstone Credit Union League, P.O. Box 655147, Dallas, Texas 75265.

“We enjoyed relationships with credit unions in both Arkansas and Oklahoma prior to the consolidation so we currently have more than 80 percent of our members taking advantage of this semi-annual analysis offering,” notes Deborah Rightmire, Cornerstone’s vice president of ALM.   “Our goal at June and December each year is to update the key ratio report and return it to the credit union as quickly as possible.” 

In our effort to move towards a more efficient and timely delivery method of the key ratio report, ALM Resources will be e-mailing the clean and commentary copies of the June 2014 report to the credit unions in PDF format.  The PDF document will include a copy of the credit union’s key ratio report with commentary, a clean copy to share with their board or management team, the most recent peer group statistics, and current dividend guidelines.  .

If your credit union would like to take advantage of the ALM Resource, please contact your League Representative or Vicki Connerly, financial analyst, at (469) 385-6497.