Lessons Learned: 2021 Year in Review for Credit Unions
Lessons Learned: 2021 Year in Review for Credit Unions
As the NCUA Q4 data for 2021 is out, it becomes imperative for us to understand what the credit union industry achieved or lost in the year 2021. This would be a great starting point to adjust our goals and hopes for 2022. Overall, the last year turned out to be good for the credit unions as they continued to grow their membership and experienced high ROA. However, they did struggle to push the deposits’ growth to the pre-pandemic levels with a steady loan growth being their savior.
Presenters:
Suchit Shah, VP Professional Services at Trellance
RECORDED ON APRIL 28, 2022
Lessons Learned: 2021 Year in Review for Credit Unions
How did credit unions perform on various metrics in 2021?
- Growth in loans and deposit products
- Year-end risk trends to watch for
- Impacts on members and member relationship
Compare & contrast the pandemic and sub-prime crisis.
- Analyze the impact on credit unions in both periods
- Understand changes that set the tone for the future
Get your credit union performance back on track
- Develop a comprehensive health score
- Identify factors driving growth
SPEAKERS FROM THIS SESSION
Suchit Shah
VP Professional Services at Trellance
More Sessions in the series
Accelerate growth with comprehensive
data management consulting.
The most extensive data management consulting practice in the industry, addressing each stage of data program maturity. From data governance to data quality and beyond, Trellance delivers on strategy, gap assessments, and execution.
Leading Financial Institutions Use Trellance
