Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, Va. — While credit unions’ reliance on noninterest income is growing, it is still nowhere near the banks.

Credit unions have increased their noninterest income from $3.6 billion in 1999, or 11.17% of total income, to $8.3 billion or 20.10% for 2005, NAFCU Senior Economist Jeff Taylor said after analyzing NCUA Call Report data. He also pointed out that FDIC data showed banks with $154.7 billion in noninterest income in 1999, comprising 25.96% of income, and $222.0 billion in noninterest income for 2005 at 29.78% of total income. “The thing is here the relative size is so much larger,” Taylor emphasized.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.