As Noninterest Income Falls, You Need a Plan B
Everyone needs a Plan B in life–an exit strategy in case what you’re doing doesn’t pan out. Credit unions are no different in the need for alternatives.
Growing up, the emphasis in my family was school, school, school. When I was ready to graduate college, I panicked and then got depressed. I didn’t know what to do with myself. It took me several months after graduation to realize that school was a means, not an end.
Some people could lose their jobs because of the Durbin amendment, according to 9% of responding credit unions; this does not seem very consumer-friendly given that credit union employees are consumers and there will be fewer employees to serve members.