Emery FCU ($152.3M, Cincinnati, OH) derived 92.5% of their total income from non-interest income sources in 2012, significantly higher than any other credit union over $20 million in assets. Other operating income made up 91.6% of total income, while fee income accounted for just 0.9%.
Non-interest income as a percent of total income for the industry was 28.1% in the fourth quarter. With the Fed showing no signs of increasing interest rates, credit unions are not anticipating an increase in interest income in the near future.
Interest income from loans is down 3.2% nationally in the fourth quarter. Income from investments is down 12.3%. To make up for these declines, many credit unions have turned to non-interest income sources.
LEADERS IN NON-INTEREST INCOME TO TOTAL INCOME
DATA AS OF DECEMBER 31, 2012
© Callahan & Associates | www.creditunions.com
|
|
Credit Union |
State |
Non-Interest Income/
Total Income |
Total Income |
Assets |
|
1 |
Emery |
OH |
92.46% |
$78,037,462 |
$152,337,460 |
|
2 |
Health One |
MI |
76.43% |
$3,537,991 |
$20,025,391 |
|
3 |
Bethex |
NY |
70.59% |
$2,892,464 |
$33,281,393 |
|
4 |
ACTORS |
NY |
62.54% |
$11,995,999 |
$169,742,737 |
|
5 |
Kansas City |
MO |
61.58% |
$1,775,112 |
$24,362,212 |
|
6 |
First South Financial |
TN |
60.93% |
$28,395,137 |
$445,098,498 |
|
7 |
Peoples |
FL |
60.54% |
$4,762,261 |
$78,305,736 |
|
8 |
Envision |
FL |
58.72% |
$22,828,258 |
$247,595,852 |
|
9 |
One Nevada |
NV |
57.66% |
$54,518,747 |
$665,723,096 |
|
10 |
St. Louis Community |
MO |
57.51% |
$18,197,319 |
$226,036,515 |
Generated by Callahan & Associates' Peer-to-Peer Software.