Credit union income consists of interest income and non-interest income. Interest income comes mainly from loans and investments; non-interest income comes from outside of a credit union’s core activities. This includes fee income and other operating income.
Based on early performance data released by the NCUA, and available in Callahan & Associates’ Peer-to-Peer, Callahan projects a large increase in overall income in the first quarter of 2018. Answer the questions in the quiz below to test your knowledge of income composition.