... growth in deposits?
Commenter (2/6/2025): "You're not playing fair, not showing the whole picture. Why no mention of deposit growth?"
😎 The SECU Board Report Card ("Key Ratios") shown in the 2/6/2025 post [link] are the key performance stats tracked by the SECU Board, as part of their monthly financial statements. Other ratios are of course important, but these were the ratios selected by the SECU Board - their report verbatim, not mine.
😎 But since you asked:
December, 2021: Total SECU deposits - $47.3 billion
December, 2022: Total SECU deposits - $46.6 billion
December, 2023: Total SECU deposits - $44.5 billion
December, 2024: Total SECU deposits - $47.4 billion
The slide in deposits has in fact stabilized - which is good! Total SECU member deposits are up +$100 million under the "New/New" regime over the last 3 years. - about 2/10ths of 1%.
... maybe that's why it's not a "Key Ratio"?
