June 25, 2007


  • A topic which is gaining more attention - thanks for the information.
  • It might be interesting to try and account for the fact that accounting is not standard across credit unions. Netting expenses against related nonintereset income can give the appearance of lower expenses. Such areas might include ATM/Debit/Credit Card interchange. Another factor may be how a credit union has implemented FASB91, that is, what per loan cost is being calculated as origination costs and subtracted from noninterest expense.
    Dan Rader