With fee income under fire, it is becoming more important than ever for credit union boards and managements to be able to articulate their philosophies on fees. Simply saying, “We don’t like to fee our members” is not enough. Most credit unions are already considering, if not implementing, new fees and fee increases—not because they […]
Considering the rise in financial institutions charging fees for checking accounts in anticipation of interchange regulation, do you expect consumers to consolidate accounts? How might that affect your credit union?
With the regulatory landscape evolving so rapidly, we’re interested in hearing what the top 3 focal points of your most recent A/LM exams have been. Click here to take a brief, 1-question survey addressing this question: Thanks in advance for your time!
When setting concentration limits, one path credit unions have gone down is to set limits as a percent of portfolio (loans or investments). Consider the following example when setting a limit like that. Credit Union A and Credit Union B are both $500M in assets and have 8% net worth. Credit Union A has a […]