Financial Performance Reporting Service
EasCorp's Financial Performance Reporting (FPR) service is ideally suited for less complex credit unions. It is a concise, easy to read and actionable set of reports for both management and elected officials, with a special focus on recent and historical financial trends, and peer group comparisons.
Through in-depth analysis of asset and liability composition, as well as key income and expense indicators, FPR identifies and provides capsule sized insights into the credit union's financial strengths and vulnerabilities, risk activities, and regulatory performance standards, all of which is presented in simple tabular and graphic form.
Moreover, the special FPR Net Economic Valuation (NEV) analysis is a meaningful calculation of interest rate risk presently embedded in the balance sheet, which is both helpful for measuring potential 'capital at risk' in real economic terms and for ALM planning purposes.
Best of all, EasCorp's FPR does not rely on credit union officials to do exhaustive and time-consuming data-gathering, inasmuch as EasCorp sources all data from 5300 Call Reports.
EasCorp's FPR service is recommended as an easy-to-use, affordable, and valuable addition to a Board package of information, especially on a quarterly basis.