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Overdraft sign

Credit unions made an extra $500 million in overdraft revenue last year, but banks and thrifts made about $400 million less, according to new data from financial institutions analytics company Moebs Services.

The number of overdraft transactions spiked by 2.3% at credit unions, but the number of overdraft transactions fell 7.3% at banks and 2.2% at thrifts, the company reported. However, overdraft prices for banks, thrifts and credit unions generally stayed the same year over year, it said.

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Tina Orem


Credit Union Times

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