Credit unions leverage their member-first mission to better serve all members, even those of modest means, making cooperatives especially valuable in challenging economic times.
With “junk fees” in the crosshairs in Washington, Callahan takes a deep dive into how that revenue impacts the balance sheet and what the future could hold.
Rising interest rates helped credit unions boost margins in 2023; however, increased provisions ate into ROA.
Higher interest rates in 2023 underpinned an increase in total revenue, which hit a record high in the third quarter.
As credit unions repriced their asset portfolios, higher loan and investment yields bolstered margins and revenue. However, stiff competition for liquidity increased the cost of funds.
The Ohio cooperative has been working with vendors and testing new solutions to find the right fit for the new reporting standards.
Dive into the performance trends that shaped the final quarter of the year, and learn how those metrics could impact the months ahead.
A look back at the Great Recession and subsequent industry performance offers an understanding of risks and opportunities in the current economic climate.
NET LIQUIDITY CHANGE FOR U.S. CREDIT UNIONS | DATA AS OF 06.30.22 © Callahan & Associates | CreditUnions.com The federal government took a variety of steps to provide economic relief during the first year of the pandemic, including distributing trillions of dollars directly to consumers. As a result, credit union shares grew at record rates
Credit unions are hosting more FTEs and paying them more than they were one year ago, in large part driven by an extremely competitive hiring environment.
A midyear look back at how credit unions are lifting up their communities in ways that go beyond just banking.
Revisiting some of the unique strategies financial cooperatives are using to drive long-term success and sustainable organic growth.
From innovative training strategies to change management and more, here’s a look back at how credit unions are empowering their staff to serve members and live their mission.
From access to education and beyond, credit unions are putting members first in a way that’s not just about banking – it’s about financial empowerment.
Consumers are adjusting their financing habits to the new economy, and as economic realities shift, members are rethinking how — and where — they access credit.
Six data points showcase key dynamics shaping the U.S. economy that could direct credit union decision-making in the year to come.
Risk might or might not impact your organization, but you must be ready regardless.
Delinquency and charge-offs have largely plateaued from last year. Encouragingly, many products improved compared to the previous quarter.
Members are changing the way they deposit their money, saving more and opting for lower-yielding, more liquid account types.
Quarterly performance reports from Callahan & Associates highlight important metrics from across the credit union industry. Comparing top-level performance and digging into the financial statement has never been easier.