Building a stronger presence within the insurance sector may also be worth the effort because it keeps members close to home.
CMG offers the new product through its TruStage program.
The firm's TruStage program paid more than $66M in noninterest income to credit unions last year.
Eliminating balance transfer, card replacement and early mortgage payoff fees supports member-focused approach.
A South Carolina credit union generates revenue with its own insurance business.
Industry organizations tell credit unions door is open for seeking refunds after 15-year fight with feds.
Wescom Resources Group generated $10.7M in 2013 revenue and added online and mobile banking, bill pay and service bureau clients.
Nation's second largest credit union waived $219K in NSF fees during a late January winter storm through Another Chance program.
Traditional offerings such as investment and insurance programs are helping credit unions fill revenue voids.
Learn 3 ways you can fine-tune your insurance program to maximize noninterest income and meet member expectations.