Which credit union derived the highest percentage of income from non-interest income?

 
 

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.

 
 

March 20, 2013


Comments

 
 
 
  • What were the primary sources of this non-interest income?
    Anonymous