Non-Interest Income Growing in Importance for Many CUs
SHREWSBURY, N.J. -- Non-interest income has become the great equalizer for a lot of credit unions.
With margins tight and the need to continually invest in new products, service and facilities, credit unions are relying on non-interest income to boost their bottomline.
Sources include everything from ATM fees to selling logo-wear online.
The below chart looks at the top 60 credit unions by non-interest income as a percentage of average assets.