the Benchmarking Service created?
credit unions to compare their financial performance
with that of their peers
promote public awareness and trust to credit unions
by promoting financial transparency, accountability,
and increased disclosure standards
encourage credit unions improve their operational
performance following the international standards
used by the service
created the Benchmarking Service?
Benchmarking Service is created by the Association of
Asian Confederation of Credit Unions, the regional
networking body for credit unions in Asia under the
project of the Credit Union Benchmarking Service in
Asia (CUBSEA) supported by the Canadian Co-operative
Association (CCA). The service is publicly launched in
have to pay for the service?
would be for free during the first two years after the
launching. However, we may consider charging minimal
service fee to cover maintenance cost of the website
once the number of users reached to more than 200
credit unions. Currently, the benchmarking service is
hosted in our website. If the number of subscribers
increases, a separate website is necessary. In that
case, all the users will be advised.
planning to give recognition to those credit unions
excelling in score?
ACCU has a
Branding program. Credit unions achieving excellent
performance are given the Asian certification called
ACCESS or A1 Competitive Choice for Excellence in
Service and Soundness. Being top in the benchmarking
service would not mean an automatic certification.
There would be an immense possibility that the credit
union may pass the branding criteria. Finance, being
one of the major criteria, uses PEARLS as measurement.
Based on our experience, the most difficult criteria
to achieve are in the area of finance. It only shows
that financial standards are the impact of having
sufficient and appropriate policies, procedures,
systems and programs for prudent management of credit
Benchmarking Service of ACCU only for credit unions in
Asia or only for members of ACCU?
service is for all credit unions willing to share
their financial information.