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Credit Unions in Grenada: Financial Performance Analysis

Overview of Credit Union Industry in Grenada

It appears that credit unions in Grenada have experienced significant growth in their financial performance over recent years. However, without a specific question or context, it can be challenging to provide insights into the data.

Key Observations from Financial Data

Asset Growth

• The total assets of credit unions in Grenada increased from $669.9 million in 2016 to $1,098.9 million in 2020.
• This represents a notable increase of $429 million over the four-year period.

Loan and Deposit Growth

• The total loans held by credit unions increased from $879.2 million in 2018 (the earliest available data) to $1,014.0 million in 2020.
• The total deposits held by credit unions also increased from $774.8 million in 2017 to $1,098.9 million in 2020.

Areas for Further Analysis

If you would like to delve deeper into the financial performance of credit unions in Grenada, some potential areas for analysis include:

Trends and Growth Rates

• What are the underlying drivers of asset growth?
• How have loan and deposit growth rates changed over time?

Key Performance Indicators (KPIs)

• What are the key metrics that indicate the success of credit unions in Grenada?
• Are there any KPIs that are lagging or exceeding expectations?

Comparison with Industry Averages or Benchmarks

• How do credit unions in Grenada compare to their peers in terms of financial performance?
• Are there areas where they can improve or learn from others?