15 Ratios Every Board Member Should Know

Key metrics to evaluate your credit union and bridge the gap between macro trends and micro performance.

By Lydia Cole, Creditunions.com  In December, the NCUA passed a rule requiring Board members of federally insured credit unions to have a “working familiarity with basic finance and accounting practices.” The extent of financial literacy that volunteers must meet varies depending upon each credit union’s complexity, but there are basic concepts, definitions, and formulas every volunteer should know. To that end, CreditUnions.com is breaking down 15 ratios by providing definitions and describing how the ratios affect the balance sheet. For personalized information on your credit union, check out Callahan & Associates’ two-year financial comparison, available on CUSP Online. Read more: http://www.creditunions.com/articles/15-ratios-every-board-member-should-know/#ixzz2Us2D5Qy6