Glatt Consulting Group, Inc.

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Following up on our #creditunion delinquency and charge off HealthScore post from last week with another trend chart on the same subject. This one is of a specific credit union (though anonymous) showing total $$ DQs and COs in the vehicle portfolio. Quite the jarring snapshot, but perhaps similar to the experiences of some credit unions over the last year.

Declining score trends for Delinquent Loans (DL) and Charge Offs (CO) persisted in our latest HealthScore calculation. The DL score saw its seventh quarter of Y-O-Y decline and CO its sixth. More importantly than the trend itself is the pace of decline in these two component scores — it’s accelerating for both with the DL score dropping 7.64% YOY and CO 12.97% ... this on top of declines of 6.13% and 12.40% respectively in Q3. Learn about other HealthScore trends at https://lnkd.in/gAVSCDCK.

Kudos to PORT WASHINGTON FEDERAL CREDIT UNION. They had the highest credit union HealthScore in Q4 at 8.941. They are located in Port Washington, NY. They have $67.8M in assets and serve over 3000 members. Well done PWFCU! https://www.pwfcu.org/

Q4 2023 call report data for the nation's credit unions was recently released. We've done the analysis using our HealthScore model. How healthy are credit unions? Where are the rough spots? Let's find out in this 38 minute HealthScore update. https://lnkd.in/gZxMBJ-e

The latest Glatt Consulting Credit Union Industry HealthScore is out! The Q4 2023 score is 6.048, a decrease of 2.580% as compared to Q4 2022. This is the the lowest score since Covid pandemic restrictions slowed loan growth and income, and the third straight quarter showing a year-over-year decline. Visit us at https://lnkd.in/gAVSCDCK to download a copy of our industry report, see the top performers, and subscribe to receive a custom report for your credit union (CU employees and volunteers only). For active subscribers, reports will be distributed this afternoon!

Missed our latest update on #creditunion industry health and performance? Watch it here… https://lnkd.in/eC2WVfeq

Looking for credit union education options? Join Glatt Consulting's Tom Glatt at one (or all) of these upcoming credit union conference events: CUNA Supervisory & Audit Conference Paris Hotel Las Vegas, Nevada December 4 – 6, 2023 https://lnkd.in/gBdWF4zk CU Conferences New Year’s Eve Cruise Conference Celebrity Apex December 30, 2023 – January 6, 2024 https://lnkd.in/gfPHFMAT CUNA Board of Directors Conference Dreams Onyx Resort & Spa Punta Cana, Dominican Republic January 14 – 17, 2024 https://lnkd.in/gKktaT7D