CU*Answers, the 100% credit union-owned CUSO, recently published information on credit unions using its My CU Today product, an online tool for tracking data related to your credit union. In 2016, credit unions using the service experience the following growth:

• Closed end loans grew from $5.64 billion to $9.23 billion
• Open end loans grew from $0.79 billion to $1.06 billion
• Share balances grew from $5.01 billion to $5.70 billion
• Net member growth of 19,711 members
• Number of checking accounts grew from 601,363 to 742,733

Keegan Daniel, Vice President of Professional Services, stated that “My CU Today is a great resource for credit unions to track their data consistently, every single day. Data is presented in a format that is easily digested and can be shared with employees, board members, and other stakeholders. There has never been a better time for credit union to use this data to incorporate conversations into their board meetings, justify value of investments made, and to quantify the success of a campaign.”

To learn more, visit https://mycutoday.com/.