Access Every Key Credit Union Performance Metric With CUCompare Premium

The basic version of CUCompare is free to all credit unions, but with an affordably-priced subscription, there’s an eye-opening array of additional features to explore. We’d even go so far to say that you can investigate every key credit union performance metric you’d want to know!

At any time, you’re just a few clicks away from deep and accurate insights into how your credit union – and any of your federally-insured peers – is performing. CUCompare is updated every quarter with the latest NCUA data, so you’re always using the latest information.

Here’s a look at the highlights of a Premium account.

Benchmarking
Compare
Forecast
Financials

1. Benchmarking: In-Depth Comparisons

1.1: Peer Benchmark

The Peer Benchmark page offers deeper and more flexible comparisons beyond the free peer benchmarking report. Select the asset band and state of your choice for an instant analysis of your credit union’s comparative strengths, as well as possible opportunities to capitalize on. For your personal selections, see how your credit union measures against the average key metrics such as assets, loans, deposits, members, branches, performance ratios, income distribution and more!

1.2: Custom Peers

Create a custom list of credit unions that CUCompare will use in ‘custom peer’ comparisons on the Compare and Build Your Metric pages.

1.3: +10/-10 Peers

Compare the performance of your credit union against the 10 credit unions immediately above and below yours in asset size, at either the state or national level. Look across metrics such as growth rate, income details, performance ratios, product details and risk behavior against credit unions and sort by metric or total assets.

2. Compare: Watch Trends for Specific Comparisons

2.1: Peer Benchmark

The Trends page allows users to explore a variety of specific comparisons to view trends across the previous 24 quarters. For chosen metrics, compare your credit union to:

  • The national average
  • Credit unions in a chosen asset band
  • Any state average
  • Any credit union in the U.S.
  • +10/-10 peers
  • A custom peer group

2.2: Build Your Metric

This page provides ultimate flexibility to hone in on the performance metrics most pertinent to your credit union. Mix and match queries to drill into your comparative performance, and further customize the analysis with options to add, subtract, multiply or divide the results.

3. Forecast: Anticipate Future Trends

By harnessing the power of predictive analytics, CUCompare creates ‘on-the-fly’ forecasts that project future credit union performance based on actual trend data. Using Time Series methodology that derives predictions based on past trends and cyclicity of data, the Forecast feature offers an indicative projection for the next sixteen quarters. (Though it makes the best prediction possible, actual results may differ.)

Within each of the following categories, you can drill down into dozens of different forecast metrics for an informed picture of where things are headed:

  • Credit union statistics
  • Income details
  • Performance ratios
  • Product details
  • Risk behavior

4. Financials

This module, just released in July 2020, offers a window into a credit union’s financial condition.

4.1: Statements

Detailed reports break down the composition of assets, liabilities, and P&L statements, and show the percentage change by quarter or year-over-year.

4.2: Ratios

Dig into your key ratios and run comparisons against the national average, your state average, your asset band, a specific credit union or custom peer group.

Run the following ratio assessments:

  • Asset quality
  • Earnings
  • Productivity
  • Capital adequacy
  • Growth

4.3: New Features Regularly Added

The data scientists at CU Rise Analytics are continually looking for ways to enhance CUCompare and add new features. This means your Premium subscription will only increase in the value it returns over time.

Planned future developments include geo-representation of credit union branch networks, additional financial ratios, and improved forecasting with new comparison scenarios.

Through the opportunities created by data analytics, CUCompare is a powerful new way for credit unions to more deeply understand key performance indicators. It can be an important ally in strategic decision-making for credit unions of any size and ambition. Start comparing with confidence today!

If you have questions about CUCompare, or would like a demo of its full functionality, contact us any time!