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Article: Ultimately, Success For CUs Not Measured By Ratios: As a system, we need not always agree on all issues; however, we must not allow differences of opinion on solutions to become excuses for lack of dialogue.(National Association of State Credit Union Supervisors)(credit unions)
- Article from:
- Credit Union Journal
- Article date:
- August 7, 2006
- Author:
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From a systemic perspective, how does the credit union system define success? Or perhaps more appropriately, how should we define success? Credit unions may count higher net worth ratios, increased membership and measure myriad growth categories on balance sheets. A year with no liquidations, conservatorships or few involuntary mergers may be a benchmark for regulators. The system is greater, though, than the sum of these parts.
Looking at the numbers, the credit union system is healthy. Net worth ratios average above statutory and regulatory requirements, assets under supervision and membership continues to rise. However, as Credit Union Journal Publisher Frank ...