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A break down of the industry’s financial performance and impact in 1Q 2014.
Introducing monthly dues was a risky move for Arizona Federal. Yet one year later, the credit union has a more engaged membership as a result.
Credit unions in the Cornhusker state best national average by 25 basis points.
Loan interest income increased by 1.7 percentage points while growth in loans and shares surpassed national averages.
Credit unions increased the net interest margin by 2 basis points in 3Q13, marking the first time in three years that net interest margin rose from the previous quarter.
The June 30, 2013, update of the U.S. Central Federal Credit Union securities shows that of the total $3.5 billion other-than-temporary-impairment (OTTI) future loss estimates, more than $2.3 billion is still unused.
Give employees the knowledge they need to think and act like the business partners they are.
As consumers examine their financial services options, the credit union approach of putting members’ needs first is opening new opportunities for the industry.
The benefits are endless!