Latest performance metrics: a credit union leader’s essential guide

Published by: Rich Mensah

April 17, 2024 | Industry Supporters

As a credit union leader, ensuring the success of your institution hinges on leveraging critical metrics. Wondering about the market trends in Ohio? Curious about your credit union’s performance compared to peers? Eager to maximize returns on your products? Thanks to your League membership, the answers to all these and more are available at your fingertips with the latest Quarterly Performance Report and Fee Report. This quarter, the Quarterly Performance Report has a special topic, “Inflation’s Impact on Operations,” this section delves into earning trends with a focus on operating costs and subcategories.

Here are just a few key statistics a credit union executive thinks about daily:

  • 211 credit unions in Ohio
  • 5 million Ohio credit union members, a growth of 1.66% year-over-year
  • $46 billion in Ohio credit union assets, a 3.42% growth year-over-year

Want to dig deeper into how your credit union is stacking up against your peers? Login to Peer Suite, another League member benefit, and explore critical ratios to compare your credit union to meaningful peer groups. Peer Suite also allows you to compare performance factors that are not usually readily available, such as productivity per employee and efficiency. Don’t just compare your current performance to your past performance but take it to the next level. Contact League Data Analyst, Richard Mensah with any questions or to get started today.

Contact Rich Mensah for questions or assistance.

Rich Mensah
Rich Mensah Business Analyst E: rmensah@ohiocul.org
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