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.
The NCUA approved 19 mergers in December, bringing 2014's total number of consolidations to 262, which was considerably higher than the 243 mergers in 2013 and slightly higher than the 258 consolidations in 2012.
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.
Past Trailblazer Award winners share their best practices. Feb. 17 event concludes with the announcement of 2015 Trailblazer Award winners.
The once financially-troubled credit union in Yuma, Ariz., sees growth in loans and net worth ratio.
Slight decline offset by gains stemming from an improved local economy for the Las Vegas-based cooperative.
Three years after conservatorship, the $1.4B cooperative posts $21.7M year-end net income for 2014.
Dennis Fisher of the $7M First Security CU says CUNA, leagues and regulators may have regrets in taxation fight.
The $18B Virginia-based credit union’s plans include mergers and business alliances with other credit unions in Nebraska.
Times have changed for the $195M O Bee Credit Union of Olympia, Wash., originally chartered to serve brewery employees.