Activity evaluation of Lithuania credit unions

Akcentuojant jog kredito unijos atitolsta nuo pradinės kooperatinės bankininkystės idėjos ir vis dažniau pradeda kredituoti asocijuotus narius (verslą), kurio kredito rizika yra nepakankamai vertinama, o tai itin neigiamai paveikia pačių kredito unijų veiklos rezultatus ir tęstinumą, atliktas Lietuvoje veikiančių 76 kredito unijų veiklos rodiklių vertinimas. Siekiant įvertinti Lietuvos kredito unijų veiklos pasiekimus, sudaryta veiklos vertinime naudotina rodiklių sistema, pagal kurią apskaičiuoti veiklos rezultatai. Naudojant tiesinio ir eksponentinio trendo metodiką, išnagrinėtos Lietuvos kredito unijų pagrindinių veiklos rodiklių vidurkių kaitos tendencijos, sudarytos jų prognozės. Nustatyta, kad mokslinėje literatūroje iki šiol nėra vieningos nuomonės, kaip ir kokiais pagrindiniais rodikliais ar kriterijais remiantis, reikia įvertinti įmonių veiklą kokius modelius naudojant tai geriausia atlikti. Ypač tai konstatuotina finansinių paslaugų sektoriuje. Moksliniu aspektu teigiama, jog veiklos vertinimas turėtų būti kompleksinė finansinių ir nejinansinių rodiklių sąranka, pritaikyta konkrečiai įmonei, tačiau su galimybe ją palyginti su kitomis įmonėmis.The bank of Lithuania in its supervisory functions evaluates how credit unions carries out the prudential norms (capital adequacy, liquidity, maximum open position in foreign currency, the maximum loan amount per borrower, large loan requirements), examine the overall financial condition of the credit union, is watching whether the credit union's activities comply with laws, regulations, statutes and internal union document requirements. However, the steady growth of the credit union's capital, loan number and size of credit unions operating regulations limiting still does not measure the credit union's business risk profile and operational efficiency, protect against failures, errors or loss. The analysis of scientific literature also shows that there is no unanimous and undisputed methodology for enterprises performance evaluation. Moreover, there is no company's evaluation models adapted to specifically interested persons group and one to of the financial institutions, i.e. credit unions. Therefore, performance evaluation of credit union and prediction research of their financial parameters in this area is valuable, relevant and new, in both theoretical and practical terms. The aim - to perform Lithuanian credit unions comparative performance evaluation. The scientific literature suggests that credit unions' assessment can be carried out both traditional (dynamics, structure, relative indicators, business continuity) and the innovative modern methods. It should be emphasized that the evaluation of the activities is individual for each business enterprise, because it depends on many factors, such as: object of assessemnt, the assessment purpose; the assessment period; assessment of the required information and the availability of data, the evaluation period, the users of evaluation results and other. It should be noted that the main users of credit unions performance assessement results are the owners (partners), creditors and future owners and lenders and borrowers. According to the Securities stock exchange NASDAQ OMX Vilnius (2010) proposed financial ratios calculation methodology were calculated and compared 76 credit unions operating in Lithuania profitability, efficiency, and financial leverage ratios. By using linear and exponential trend methodology analyzed the mean trends of Lithuanian credit unions key performance indicators. It should be noted that setup of complex financial indicators, tailored specifically to the financial institution with the opportunity to compare it with other relevant authorities of the credit unions' assessment and performance expected