COLUMBUS, Ohio — Despite different products and services, and operating on much thinner margins, the noninterest income of corporates varies as much as their natural person counterparts.

Credit Union Times discussed noninterest income and the role it plays in their budgets with four corporates, and noninterest income strategies had little to do with asset size or investment market conditions. The corporates included the $1.8 billion Virginia Corporate, the $1.5 billion Volunteer Corporate, the $4 billion Corporate One and the $13 billion Southwest Corporate.

Corporate One led the pack in noninterest income, raking in $19 million last year, accounting for nearly half of its net income. Melissa Ashley, vice president/chief financial officer, credited that success to the refusal to simply remarket other products.

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

  • Critical 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 and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.