Noninterest income, both expected and unexpected, can make a big difference for small credit unions. For two relatively new CEOs and one industry veteran all managing credit unions with less than $50 million in assets, single activities provided a real boost to their respective bottom lines.
Card fees counted as income, not expenses, helped Commonwealth Utilities Employees CU grow noninterest income.
Utah CUSO says conversion calendar now full into 2015.
Mid-Atlantic Corporate CUSO adds data processing, payment solutions.
Core processing CUSO also adds Minnesota startup credit union as a new client.
Alaska credit union plans to convert to CU*Answers core platform next March.
Michigan-based core processor buys Montana-based processing, draft, print mail and security services provider.
Existing AMIS offices and employees will be retained following the purchase.