Strong loan growth combined with increased investment and fee income helped propel credit union net income during the first quarter.

United FCU offers support by reducing overdraft and NSF fees; Amplify flat-out eliminates them.

A focus on reining in costs and changing organizational culture have transformed the Ohio-based institution.

Credit union success on the balance sheet and income statement in the third quarter is creating new opportunities for future impact.

The lasting effects of the COVID-19 pandemic — and the national economic response to it — linger on credit union financial statements.

Credit union earnings rebounded toward the end of the year as industry players find a way to adapt their business models to a changing economic landscape.

Concerned with cooperative values and not stock prices, credit unions have sacrificed short-term earnings to bolster reserves and give members a break on fees.

Due to economic lockdowns and government relief efforts, in the second quarter financial institutions had to develop creative strategies to generate revenue.

With second quarter data now available, COVID-19’s impact on industrywide metrics is more apparent. Discover how credit union balance sheets are shifting and other key insights from Callahan’s quarterly webinar.

A locked-down economy combined with volatile changes in monetary policy put lenders in a difficult position in the first quarter of 2020, as total revenue growth slowed as sources of income shifted away from interest-driven streams.