JULY 11, 2018
FMS Research: Year over Year
By Mark Loehrke, Editor, Financial Managers Society
One of the
great benefits of fielding a research study for a second consecutive year is
the ability to compare data from the two surveys to identify potential trends
and to see how things have – or haven’t – changed. That’s exactly what we’ve
done for the first breakout piece from Community
Mindset: Bank and Credit Union Leadership Viewpoints 2018.
In What a
Difference a Year Makes: 2017 v. 2018, we dive into the data from
2017’s survey to compare it against the responses we received from this year’s
group of 400 bank and credit union executives. What did we find?
market seems to be heating up, with 64% of respondents identifying themselves
as either prospective buyers or prospective sellers in 2018 – compared to just
50% last year.
regulatory burden still rates as a significant challenge for most banks and
credit unions in 2018, recent relief efforts seem to be having their desired
effect, with the number of survey respondents characterizing their burden as
reasonable in 2018 up by 18 percentage points from the previous year and those
viewing the burden as a bit too heavy down by 13 percentage points for the same
Mobile on the Move
and members may still be logging on to much of their banking in 2018, but more
and more are now doing so from their phones rather than their computers, with
executives noting that online banking in their institutions is down by around
12%, while mobile is up by 7%.
just a handful of the fascinating comparisons to be found between our 2017 and
2018 data – be sure to check out the full story for a timely snapshot of the
state of community banks and credit unions in 2018.