9 THE NAFCU JOURNAL January–February 2023 In addition, NAFCU offers members two quarterly reports to measure their credit union’s performance against their peers. The CU Performance Benchmark Report provides broad measures of a credit union’s financial performance and compares them against the credit union’s own regional and asset class peers. The Operating Expense Report drills down into a credit union’s non-interest expenses, comparing them with asset class averages and detailing where the credit union ranks amongst peers. These reports give credit unions a much-needed customized financial performance analysis based on member growth, earnings, asset quality, capital adequacy, employee compensation and much more. These reports and surveys not only provide insights to our credit union members, but also help inform our advocacy strategy when we meet with lawmakers and regulators. Sharing what you’re seeing on the ground and among your members will enhance our ability to make legislative and regulatory recommendations that strengthen the entire industry. As the nation continues to navigate the unknown, NAFCU is here to help you guide your credit union. Utilize these reports as you create your roadmap through what may be a bumpy road ahead. NAFCU’s Grassroots Action Center allows credit unions to easily find their polling location, search for local candidates and more. Take advantage of this resource ahead of the upcoming election by visiting www.nafcu.org/grassroots. “It’s hard to escape the never-ending talk about where the U.S. economy stands and where it’s headed. At NAFCU, our overarching priority remains the same: to help the credit union industry continue to grow and succeed.”
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