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It's taken for granted that small credit unions are more reliant on fee income. But are they really?
Increases to the benchmark interest rate by the Fed have yet to significantly impact earnings at credit unions.
A new strategy at Purdue Federal has delivered a $1.5 million bump in interest income and an anticipated 3-basis-point jump in ROA.
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Total operating revenue has increased 8.8% over the first six months of 2016. This continued the recent trend of accelerating revenue growth for credit unions.
Total revenue reached $15.5 billion in the first quarter of 2017. That’s up 8.1% year-over-year from the $14.3 billion credit unions posted in the first quarter of 2016.
Four can't-miss data points featured this week on CreditUnions.com.
Twenty-eight graphs, charts, and maps that evaluate credit union performance in the fourth quarter of 2016.
Five can't-miss data points featured this week on CreditUnions.com.
When Keys FCU put itself into voluntary conservatorship in 2009, its leaders and staff knew rebuilding together was the only way to save the credit union.
The national average for each of these six mighty metrics is less than 10 percentage points, but even a change of a few basis points can make a big difference to a credit union.