Review the credit union system’s collective financials from Q1, 2023, and dive into insights on key findings and trends to help your credit union make adjustments.
Tight margins, a rapidly rising rate environment, and increasing competition in the payments landscape are causing a decline in non-interest income for credit unions and negatively impacting their earnings models.
Understanding the gaining popularity of payment options like Buy Now Pay Later as well as larger banks and fintechs not charging traditional overdraft and nonsufficient funds (OD/NSF) fees. These major shifts in the financial services landscape represent a big threat, especially for credit unions looking to protect and grow their earnings.
Report #591 | | Members
Report #567 | | Members
Overdraft protection (ODP) programs were originally designed to help members but shifts over the years have moved ODP from supportive to potentially harmful for those who can least afford it. How can credit unions update ODP offerings to re-align them with their mission, value proposition, and business model?
Review the webinar materials from Dealing with the Decline of Non-Interest Income hosted on July 13, 2023.