Thursday, February 6, 2025

SECU Board Report Card 2024! Moving The Goal Posts?

  ... the results are in! 

The SECU Board's Strategic Scorecard for 2024:

 

😎😎 Notes: SECU Board goals as compared to year-end December, 2023:

1) Expense/Asset: the range has been increased from 2.50% to 3.00%, the target increased from 2.00% to 2.50%.

2) Asset Growth: the growth target has been reduced to 0% from 4.50%.

3) 3+ Month Delinquency: 81% above Board target.

4) Net Chargeoffs: at target .60%, remains 3x above historical levels

... can't argue with success!