A North Carolina company Glatt Consulting LLC, the financial data tracks, said Friday he will begin the publication of their industry, “Health Scores” and one of the main findings of a remarkable decline in the second quarter, the conditions of the CU.
“While the credit union community has seen an improvement in scores on credit quality, efficiency and cost management, there was a significant decline in sales and growth combine to reduce the overall score,” said Tom Glatt, Jr., head of the Wilmington, North Carolina company.
The latest statistics from research company – for example in such areas as capital, asset quality and liquidity – a Health Score a total of 2.38% on the second quarter, a decrease of 1.70% over the first quarter and a sharp decrease of 6.74 % over the same period a year ago.
The Company believes that its data composed customer Flat CU Health Score and now for the retail on a 5-point scale with the healthiest and 0 5 at least as healthy.”There is a fear of the uncertainty about what happened at the next meeting and the delay only adds to it,” said he.
Glatt, who is the son of Realtors ex-president/CEO FCU, said his company would from the distribution in its report on a larger scale Health Score of next week, now under very difficult conditions attached base the company’s situation, evaluations and the difficult economic conditions in many parts of the country. “
Echoing others in the Ncua delay in issuing its rule of corporate restructuring, “said Glatt, at the same time is more laudable, like” The industry deserves a firm response, “is not an unfortunate side effect of the CPU and the Enterprise system.
Data Health score the second quarter, he said, shows there has to limit the growth of assets allows some UC minimize degradation of equity and the slow decline of the results of the assets, “the strategy may adversely affect public perceptions about the value of the credit union relationship. “
In fact, “a number of positions in the Community and Social Media, an increase in the number of complaints relating to credit unions interest rates, an important tool to manage growth point,” said Glatt whose company is a large group of ulcerative colitis and financial strategy advice mergers.