X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK — While still a relatively new area for credit unions, trust services continue to command a profitable niche for other financial institutions.

The top 25 financial institutions in the country hold 92% of trust assets and earn 75% of the industry’s $27.6 billion in revenue, according to Trust Companies: Firms, Products, Clients, and Technologies, a new report from Celent, LLC. Currently, there are less than 2,000 community banks, regional and super-regional banks, private trust organizations, and top tier global providers offering trust services in the United States.

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.