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For the last few decades, credit unions have been relying on fees to supply the bulk of their noninterest income – but that era is likely coming to an end.

According to CUNA, fee income has been on the decline for the last seven years. As Americans begin to dig out of the recession, many are no longer incurring late payment and overdraft charges. The growth of online and mobile banking tools has also made it easier for consumers to keep track of their finances and avoid penalties whenever possible.

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