Abstract:
The Phenix Federal Credit Union can serve as an integrative case for a full-semester course in managerial accounting, or as an introduction to credit unions in a course on nonprofit management. It may be used as a vehicle to discuss variance analysis, a tool relevant for both non- and for-profits, or to outline explicit incentive systems. In addition, the case exposes students to the financial services industry by exploring pricing and product mix concerns, long-term capital planning, and loan approval processes. A discussion of the firm's future strategy, such as an ABC analysis of product costs and member profitability, may also be supported by the case. To enhance the learning experience, a supplemental, interactive Excel worksheet is available and downloads with the case.
Learning Objective:
The Phenix Federal Credit Union can serve as an integrative case for a full-semester course in managerial accounting, or as an introduction to credit unions in a course on nonprofit management. It may be used as a vehicle to discuss variance analysis, a tool relevant for both non- and for-profits, or to outline explicit incentive systems. In addition, the case exposes students to the financial services industry by exploring pricing and product mix concerns, long-term capital planning, and loan approval processes. A discussion of the firm's future strategy, such as an ABC analysis of product costs and member profitability, may also be supported by the case.
