Valhalla Business Advisors brings expertise to credit unions throughout the United States. Our team’s experience partnering with financial institutions over 20+ years enables Valhalla to differentiate for its clientele, including NCUA-insured credit unions.

Valhalla Business Advisors is a consultancy that focuses upon employee benefits advisory and brokerage services; We operate in a fiduciary capacity for our clients. We want our clients to “have their cake, and eat it, too;” Clients receive un-conflicted advice and superior value from our platform, including:

• Employee Benefit Brokerage and Advisory Services
• Benchmarking Support || Including from national cross-cutting datasets, credit-union specific data, as well as comparable FDIC-insured data, where desired and applicable
• Support of strategies leveraging CUSO structures to enable credit unions to “collaborate to compete and win”

Market Research

Valhalla Business Advisors has invested into proprietary analytics to inform discussions with credit unions across the United States. There is quite a bit of variation across the 4,863 credit unions included in our data set!

The analysis of the credit union data reveals some interesting trends in the key metrics of Pennsylvania credit unions from 1998 to 2023, with a focus on comparing the current state (2023) with the state 10 years ago (2013). Of course, the driving factors in these trends are a) economic growth and b) industry consolidation. Some observations:

1. Total Assets: There has been a significant increase in the average total assets of credit unions. In 2013, the average total assets were approximately $77.93 million, which has grown to about $229.66 million in 2023. This indicates a substantial growth in the financial strength and asset base of the credit unions over this period.
2. Total Net Worth: Similarly, the average total net worth of credit unions has also seen a considerable rise. It was about $8.65 million in 2013 and increased to roughly $25.93 million in 2023. This growth in net worth reflects an overall increase in the financial health and stability of the credit unions.
3. Current Members: The average number of members in credit unions has doubled over the decade. In 2013, credit unions had an average of around 7,617 members, which has increased to an average of 15,157 members in 2023. This growth in membership suggests an expanding reach and increasing popularity of credit unions in Pennsylvania.
4. Full-Time Employees (Max FTE): The average number of full-time employees has also seen a notable increase. The average was around 16.66 full-time employees in 2013, which has nearly doubled to approximately 33.02 in 2023. This increase in staff indicates an expansion in the operational capacity of the credit unions.

The NCUA also provides periodic summaries of the industry performance. Here is the June 2023 report:

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Valhalla Business Advisors is pleased to partner with credit unions to provide insights about their employee benefit programs within the context of their organization’s financial performance; We are also pleased to support our clients with bespoke analytics and market analysis to benchmark their organization on multiple dimensions. Here are a few samples of benchmarking results that stand out beyond typical employee benefit analysis:

Valhalla is uniquely positioned to deliver insights and value to clients. Our success transitioning from operating from local databases to interfacing with the FDIC API and scraping updated data from the NCUA into an internal database means we can help our depository institution clients in a manner that is different and better than competing employee benefit brokers!

The Valhalla advantage

Valhalla Business Advisors is extremely proud to bring boutique insights to clients; As a business leader, it is likely you haven’t seen the level of insight that Valhalla is positioned to bring to your organization; Credit unions need help optimizing employee benefit programs and our team has this expertise; We help our partners reduce cost, manage risk and strategically engage employees. Feel free to reach out to Stuart or Jens to discuss further!

SAMPLE SCOPE OF WORK

APPENDIX

In addition to our work building data analytics over the credit union space, we have also built an analytics solution that grabs data from the FDIC for community bank performance statistics. This is a snippet from a brief analysis of banks at a state-by-state level, including 3/31/23 ROE measures, per state, at the 25th, 50th, and 75th percentile. We wonder if there is a market within the credit union space to unify these data-sets for benchmarking or competitive purposes? If you have thoughts on this, please reach out to us!