Some of the reports that they are hoping to see from the new system include their renewals, membership churn analysis and new member sign-ups by month. Create a report that management would find valuable to analyzing how their business is running.

The only difference is the NCUA insures credit union deposits whereas the FDIC insures bank deposits. Other than that, the two work similarly. If a credit union should happen to fail, the NCUA will pay insured deposits to the member owning the account. The same goes for a bank.