Organizational and informational model of analysis of the financial condition of credit union

Abstract

The relevance of conducting regular analysis of the financial condition of credit unions as a necessary element of confirming their financial resources for further effective business activities is substantiated. The necessity of building an organizational and information model of such analysis, which includes the purpose and objectives, subjects and objects, system of indicators, information base, methodological support of the analysis and methods of generalization and implementation of its results is proved. The purpose of the analysis of the financial condition of credit union is to identify in a timely manner the factors that cause its deterioration and develop measures to eliminate or minimize their negative impact. The tasks of the credit union's financial condition analysis include the analysis of assets, liabilities, liquidity, solvency, efficiency and profitability. The subjects of the analysis of the financial condition of credit union are divided into external and internal. External entities include the regulator represented by the National Bank of Ukraine; customers; partners; fiscal, judicial authorities; internal ones - governing bodies, collegial and territorial governing bodies, employees of executive units with the functions of financial management. The main indicators of the analysis of the financial condition of credit union are divided into such groups as capital adequacy, asset quality, liquidity, efficiency and profitability and proposed an algorithm for calculating them are proposed in accordance with the requirements of the rules for preparing and submitting reports by participants of the non-bank financial services market, introduced since the beginning of 2022.The information base of the analysis of the financial condition of credit unions as a set of sources of internal and external information, which include financial and statistical reporting, as well as operational data of financial accounting; indicators of credit unions published by the NBU both in the market as a whole and by institutions on a quarterly basis, as well as information on the activities of credit unions posted on the websites of self-regulatory organizations are noted. The review of existing methods for assessing the financial condition of credit unions as its methodological support is carried out and promising area of research for their further improvement is identified. Measures to increase the financial condition of credit unions of Ukraine are proposed.