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Cornerstone Delivers Sept. 2017 Personalized Performance Report
Wednesday, January 17, 2018 6:55 AM

The Personalized Performance Report depicting your credit union’s 3rd Quarter 2017 results has been completed and emailed to all Cornerstone members. The PowerPoint slide deck containing individual credit union key ratios and graphs will follow within a few days. The 3rd Quarter 2017 Economic Report is available online under the Services tab located on the Cornerstone Credit Union League homepage.

This quarter, the Economic Report highlights important developments at Cornerstone credit unions including increasing net income, an expanding member base, and a growing loan portfolio. It also contains a special section on Efficiency and Productivity. As the challenge to generate earnings in the low rate environment continues, credit unions consistently seek metrics to help them monitor the efficiency of their operation.

The Economic Report offers an explanation of the efficiency ratio—how much the credit union spends to generate a dollar of revenue—and provides both U.S. and Cornerstone results for review. Management is constantly looking for ways to increase productivity in the credit union. Are your employees working effectively? Data reflecting activity as it relates to full time equivalent employees (FTE) is provided for both U.S. and Cornerstone credit unions. 

The Economic Report includes consolidated financial data for U.S. and Cornerstone credit unions and provides a ranking of individual credit unions by asset size for some of the most common financial indicators.

If you have questions regarding these reports, please contact Mike Delker, SVP of credit union relations at mdelker@cornerstoneleague.coop or Deborah Rightmire, VP of asset/liability management at drightmire@cornerstoneleague.coop.