Instant issue cards can generate higher card activation rates and more interchange revenue.
The other good news for the Empire State is that 73% of its credit unions reported a positive return on assets as of Dec. 31, 2012. Statewide, New York’s credit unions earned an average ROA of 87 basis points, slightly higher than the national average of 86.
Young professionals are becoming a key demographic driving the bottom line of a credit union.
New York state credit unions best national ROAA average by a point while absorbing Sandy's blow.