Goals for Shares, Loans, and Number of Members

This section outlines projections for the dollar amount and number of loans and shares and the number of members for the first two years of operation. The intent of this section is to provide benchmarks upon which the credit union and NCUA can measure the success of the group and its business plan. The goals should be broken down by each loan and share product type and expressed in annual periods. The goals should agree with the financial projections. Include a discussion of the basis for each goal and identify the section of the membership survey supporting the goal.

The table below is a partial illustration of information you would include in this section and incorporate into the proposed federal credit union’s pro forma financial statements projections.

 

Example of Goals by Year

Growth Assumptions	1st Year 20XX	2nd Year 20XX	3rd Year 20XX
Membership	625	1,250	1,875
Number of Vehicle Loans	125	250	375
$ of Vehicle Loans	$626,375	$1,631,250	$3,015,000
Number of Checking Accounts	531	1,062	1,593
$ of Checking Accounts	$223,125	$446,250	$669,375
Number of 24-Month Share Certificates	93	187	281
$ of 24-Month Share Certificates	$56,250	$112,500	$168,750

 

This sample shows how you might document your assumptions in the pro forma financial statement projection assumptions for members, vehicle loans, checking accounts, and 24-month share certificate accounts.

Last updated on March 30, 2026