8 Mar, 2009
Even though sometimes you may just be looking for unsecured signature loans, FCA is available to banks, credit unions, savings banks, and savings and loans. Two versions offer different levels of cost accounting and profit analysis for you. FCA Basic is the smart choice for institutions relatively unfamiliar with a cost accounting system. FCA Basic’s scaled-down approach delivers plenty of information without requiring a large amount of detailed data from you.
If your institution has experience with cost accounting or has previously participated in FCA, FCA Plus is designed for you. FCA Plus provides in-depth analysis for institutions requiring more detailed cost and product information.
FCA Plus includes a number of optional data items that give you information in greater detail.
Another feature of FCA Plus is the What-if software, which allows you to perform different kinds of profitability analyses with your data.
Learn houw to selling my annunity as well.
8 Mar, 2009
It’s time to take on a partner that can help you take on the industry: the Federal Reserve’s Functional Cost and Profit Analysis (FCA).
In today’s financial environment, identifying your costs at a detailed level is critical to determining which products to offer and how to price new and current products. That’s why there is no better time to participate in FCA.
FCA uses your data to create a customized Individual Report. You can use this information to analyze income and expenses in key operating areas, measure your institution’s current profitability against last year’s data, and compare your performance with that of a select group of peers.
The Federal Reserve began offering FCA in 1957. Since then, it has evolved to keep pace with our nation’s financial institutions. No other comparable cost accounting service can provide you with this level of detailed information. In 1997, the Federal Reserve modernized FCA with an array of changes to make it an even more valuable partner in your success. These changes include improved instructions that streamline the data collection process and updated methodologies that reflect today’s financial services environment.
You can find out more about this valuable service by contacting the FCA Representative in your District.
