Noninterest Income Spike
Callahan & Associates found that credit unions have generated $10.7 billion in noninterest income this year as of the third quarter–the highest amount reported since third-quarter 2009 and 18% more than the first nine months of 2011.
Callahan also saw a total of $4.9 billion in other operating income at credit unions for the first nine months of 2012–a 30.3% increase in comparison to the first nine months of 2011. As a percentage of total noninterest income, credit unions’ other operating income grew from 39.8% for the first nine months of 2010 to 45.8% for the first nine months of 2012. Two states in particular demonstrated exceptional other operating income growth over the two-year period,: Massachusetts, with 60.3%, and Missouri, with 41.3%.