Small credit unions say they've experienced big noninterest income gains after launching relatively traditional services such as courtesy pay and gap coverage on auto loans. Our experts say larger credit unions should consider noninterest income opportunities in mergers and acquisitions, and debit rewards programs.
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.
Firm reports income from fees credit card issuers charge for late payments, going over credit limits, is lowest since 2009.
Card fees counted as income, not expenses, helped Commonwealth Utilities Employees CU grow noninterest income.
Lower overdraft fees and expanded opt-in are possible provisions of a new overdraft rule, expected from the CFPB mid-year.
Supreme Court opts not to hear an appeal of a lower court ruling on debit interchange.
The $100M Heritage Grove FCU designs debit card to woo Millennials.
Several organizations have weighed in on the CFPB's proposed changes to prepaid card governance.
Because few credit unions tie product rates to LIBOR, they won't reap the slashed fee benefits.
Find out who the NCUA's top earners were in 2013, and how much they made.