As the industry grapples with theexpected drop in fee income once generated through debit cardinterchange fees, other areas may have the potential to make up forsome of the losses.
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According to the National Credit Union Roundtable BusinessOutlook Survey-March 2011, retail investments and insurance incomeare slated to experience the largest increase when it comes to feeincome generation. Checking account fees and credit cardinterchange fees round out the list for the top producers.
|Ironically, at 6%, retail investment and insurance income wereamong the lowest forms of noninterest income in 2010,Last year, NSFand courtesy pay fees were the largest generators.
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