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Peer Data for New England Credit Unions for 2019 Q3

Attached is our compilation of financial information for New England credit unions. Click PEER REPORT to view the September 30, 2019 data. In the data, each New England state has its own tab and there is a final tab that includes all of the credit unions in New England.

The data includes a number of key credit quality, performance and capital adequacy ratios. We then break-out certain ratios that we consider important in determining financial performance and long-term viability of credit unions. These key ratios are:

Return on assets

  • Net interest margin
  • Yield on investment portfolio
  • Ratio of expenses to gross income
  • Loans to shares

From there, we rank the credit unions across each of these key ratios and determine an overall ranking based on the average of all of these ratios.

On the “all New England” tab, we have included comparable ratios for all credit unions in the U.S. and the September 30, 2018 averages for comparison.

Some quick observations on the results are as follows:

Performance

New England credit unions continue to experience improving financial results with net interest spreads increasing and expenses in relation to revenue decreasing. New England credit unions had an average ROA of 52 basis points in 2019 compared to 48 in the same period last year.

Credit Quality

Credit quality remains very strong with the delinquent loans to total loans ratio at 1.17% and the net change-off to total loans ration at 0.34%.

This information is publicly available, so it may be shared with others in your credit union, including board members.

If you would like to discuss the information in further detail, we would be happy to assist.

Our Financial Institution Services

For more than two decades, our teams have worked with New England banks and credit unions. 

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