Thank you for sharing!

Your article was successfully shared with the contacts you provided.

An uptick in lending may have credit unions thinking they can stop scavenging for more of the noninterest income that has helped so many of them survive a low interest rate environment. But a closer look at the data shows that noninterest income, which rose from 1.22% to 1.27% of average assets as of Q1 2015 versus Q1 2014, according to Callahan & Associates, is still critical for credit union survival.

During the first quarter of 2015, loan balances popped up 10.6% year over year to $731.2 billion, according to Callahan & Associates, and total income posted the highest growth (6.6%) of the last seven years. But loan growth is outpacing the growth in share balances, which rose 4.4% year over year, Callahan & Associates found, and because credit unions need shares to make loans, there’s a growing need to attract deposits.

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?

Tina Orem


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 © 2022 ALM Media Properties, LLC. All Rights Reserved.