"Consumer advocates usually criticize financial institutions for nickle and diming consumers, but one thing no one wants to admit is that banking has become a nickle and dime business. As long as margins stay as tight as they have become and the field remains competive, financial institutions are going to need non-interest income which means fees."
–Sam Davis, President of Strunk and Associates, a firm which offer provides banks and credit unions with a program for covering overdrafts.
"This is not something you want to offer
to everyone."
–Dave Albo, product manager at WesCorp on the care credit unions should use in offering remote deposit capture to merchants.
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"Credit unions should be aware that whether or not they are actively participating in subprime mortgage lending, some members may have received these types of loans at other institutions. Asset quality could be negatively impacted as some members struggle to repay considerably higher mortgage payments."
–NCUA Letter to Credit Unions 07-CU-09 accompanying the recent final interagency statement on subprime mortgage lending.
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