Thank you for sharing!

Your article was successfully shared with the contacts you provided.

I think it’s fair for State Employees CU of N.C. CEO Jim Blaine to say that courtesy pay is a cash cow for credit unions. Many credit unions do not have the scale and operating efficiencies of competing behemoth financial institutions. In today’s slim margin environment, credit unions have to look for ways to survive financially.

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

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.