With tight margins upon credit unions, sources of non-interest income are becoming critical to maintaining a healthy bottomline.
Whether it is selling various lines of insurance, offering car buying services, providing investment services or even providing travel agency services, credit unions are finding all sorts of ways to boost non-interest income. Some sources of non-interest income, such as nonsufficient funds fees, can be controversial. Where does a CU draw the line between serving members and boosting income?
If your credit union is having success generating non-interest income, Credit Union Times wants to hear from you. We will be hosting a conference late in the year on non-interest income to help credit unions that are looking for more income streams discover how other credit unions have pulled it off. We also have a special report on the subject in the Aug. 1 and Nov. 11 issues.
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Please contact editor Paul Gentile at [email protected] or 732-460-6040 if your credit union has a good non-interest income story to tell.
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