The ability to grow an institution’s customer base, balance sheet, and earnings presents a significant challenge in today’s banking environment. Despite the pandemic accelerating the push to digital services, the branch network continues to play a significant role in overcoming growth challenges and supporting the institution’s success.
FMS Financial Managers Society; authored by Bryan Ridgway and Kenneth M. Levey
April 19, 2016
For the better part of two decades, financial institutions have watched their net interest margins diminish in response to a host of factors, including a historically low interest rate environment, a flattening of the yield curve, the growth of deposit accounts, shrinking loan portfolios and a shift in balance sheet structures.
When crunching budget numbers, complex credit unions with several branches and departments might feel like they are searching for a needle in a haystack. Error-prone Excel spreadsheets pose challenges with data integration, integrity and report publishing.
To combat those errors and inefficiencies, many credit unions are rethinking spreadsheets by implementing performance management platforms that assist with budgeting and strategic planning.
