A Direct Line - A Blog addressing issues and topics of interest for Montana credit union board members
Home > Credit Union Directors > The Blog A Direct Line

Our weekly blog addresses issues and topics of interest for Montana credit union board members. 

We've Come A Long Way, Baby

by Donya Parrish, MCUN

The phrase "We've Come a Long Way, Baby" might conjure up varying images for each of us; but today, I am referring to the strength of the credit union industry in Montana. Just five years ago, the economic downturn was hitting our state hard and many credit unions were feeling the pinch of low rates and cautious consumer behavior. In fact, looking back at the July 1, 2011, President’s Report archive shows that NCUA was working on a program for voluntary prepayment of the corporate assessment. Ouch. We sure are glad those days are in the rearview mirror!

Fast forward to mid-2016 and a recent report on the Montana credit union economy. The numbers are interesting, especially when compared to mid-2011. Take a look:

  NOW
(2016)
THEN
(2011)
Number of Credit Unions    52    57
Avg Assets per Credit Union     $89.5 mil    $74.8 mil
Loan Growth    6.8%    -2.7%
Loss Provisions    16    57
Operating Expenses    294    309
Net Income (ROA)    62    28
Net Worth/Assets    11.3    10.4
Delinquencies (60+ day $)/loans (%)    0.55    3.24
Net Chargeoffs/Average Loans (%)    0.25     0.70 
Bankruptcies per Credit Union    5.8    8.6

In the words of the great Yogi Berra, “You've got to be very careful if you don't know where you are going, because you might not get there.” While I know many of you have plans and know exactly what the future of your credit union holds, you also need to contend with the uncertainty of elections, technology, young people’s perception of traditional financial institutions, and more. 

My perception is that the mood is very positive across our state, and credit unions are back to concentrating on what they do best -- serving their members! Thanks for all your commitment to improving the financial lives of so many Montanans. I can’t wait to look back at 2016 and see how far you’ve come!

Donya Parrish is the VP-Risk Management for the Montana Credit Union Network. She would welcome any questions or comments on this material. You can email or call her (406-324-7374).

 


At the bottom of this page, you'll find links to past blog posts organized (loosely) into four categories. Feel free to browse. The blogs are all fairly short and provide food for thought in the areas of directors' duties and responsibilities, advocacy, working with the CEO, and ideas for strategic planning.

Director Duties
& Responsibilities

Member Inspection Rights (6/24/15)
Do You Have a Few Minutes? (6/10/15)
 

Posts from 2015
Posts from 2014

About Us

Network Governance
Full Staff Listing
Credit Union Chapters

Contact Us

Credit Union Jobs

Compliance

InfoSight
CU PolicyPro
Fraud Resource Center
Compliance Training Tools

 

Advocacy &
Government Relations

Advocacy
     National Programs
     State Programs

Government Relations
     Montana Government
     Federal Government Affairs

Political Action

Field of Membership Expansion

(MCUCD)
Community Development 

Education

Conferences and Trainings
Distance Learning
Financial Literacy for Volunteers

Economics

League Service Group

Directly Provided Services
Group Benefit Trust

Communications & PR

Credit Unions in the News
President's Report
Photo Galleries
Network News
News Archive

Credit Union Directors

The Director's Job
Volunteer Recognition
Helpful Resources
The Blog "A Direct Line"

Consumers

Find a Credit Union Near You
T
ip of the Week
Topic of the Month
Reciprocal Check Cashing

Montana's Credit Unions

Credit Unions in the News
Credit Unions for Kids
Credit Union Philosophy