Dashboard Analytics

The Credit Union Impact Dashboard provides an easy, interactive way to see how credit unions outperform their peers.

• Understand the financial benefits and economic impact of credit unions across your state
• Share the magnitude of localized financial and economic impacts of credit unions
• Support strategic business decisions by identifying opportunities with comparisons to other financial institutions

You'll soon discover macro truths and micro facts that tell a remarkable story.

When you've run the numbers, looked at the charts and built your data-driven story, there's one more step.

Communicate with policymakers. Make good on the "So what?"

When it's time for policymakers and legislators to consider credit union issues, you can be prepared with solid proof and compelling reports.

While a specific data inquiry yields a specific result, there are macro-level takeaways that shine through time and again:

• Credit unions deliver billions of dollars in financial benefits to members and nonmembers through lower loan interest rates and higher saving yields. and fewer and lower fees.
• Credit unions have a high impact on local economies by creating thousands of jobs, generating billions of dollars in economic output, and billions in tax revenues for state and federal governments.

That means better interest rates and more members are being served. It also means credit union-friendly legislation is one of the best investments policymakers can make for their constituents.

The Auto Lending Dashboard is a web-based, interactive and dynamic tool that contains trends and insights that reveal the credit union advantage in the automobile lending market. The views include metrics on auto loan origination, auto loans outstanding, pricing, delinquencies, and monthly and life-of-loans savings, among others.

The main data stories shown in the dashboard are

• Credit unions have a strong participation in the automobile lending market, about a third of auto loans outstanding and a third of originations.
• Credit unions’ auto loans pricing is more consumer-friendly than the pricing of for-profit institutions. Credit union average interest rates are not only lower but also more stable over time and across credit score profiles.  
• Credit union members save substantially with credit union auto loans, both in monthly payments and over the life of a loan. Savings are even higher for consumers with low credit scores.
• More affordable auto loans and greater access to financial education means credit union members are more financially resilient than nonmembers. Credit union members reflect far lower delinquency rates over time and across credit score profile, and this is especially true for those with lower credit scores.
• Credit unions’ auto loans are highly concentrated in the middle credit score tier (‘near-prime’ and ‘prime’) of the credit score spectrum. Amid field-of-membership and capped interest rates restrictions, about a fourth of credit union’s auto loans outstanding are allocated to non-prime members.
• The distribution of credit unions’ interest rates and delinquency rates show lower dispersion than that of for-profit lenders. Interest rates and delinquency rates are less variable and much more compact around their means for credit unions than for other for-profit lenders.
• There is a positive correlation between interest rates and delinquency rates by type of financial institution, and the range for both interest rates and delinquency rates is narrower for credit unions. This means that the more consumer friendly credit union auto loans are reflected in more financially resilient members when compared to nonmembers.    

1. The Dashboard also contains a “Summary” view showcasing major trends and insights, with guided messaging and links to all other views.
2. The Auto Lending Dashboard is the first one to be produced entirely based on EQUIFAX’s Analytics Dataset. This dataset is updated monthly, which means that our advocacy data trends and insights will always be refreshed and up to date with high quality, highly curated and updated information.
3. This dashboard is operationally efficient as it will be entirely automated.  The monthly data refresh will be done automatically with no manual labor involved.
4. The Auto Lending Dashboard provides both National and State level advocacy insights, and trends. This dashboard offers the ability to toggle between National and State views and provides additional filters to customize insights to user’s needs.