Fee Income is Up at Credit Unions and Drawing Politicians' Attention

Articles in CUTimes.com and washingtonexaminer.com indicate possible bad news for credit unions and banks that depend heavily on consumer-fee income.

Studies by TCT Risk Solutions show that many credit unions subsidize their loan programs through their fee assessments. Politicians may be looking to make this a campaign issue in 2020 elections leading to regulatory limits on fees.

TCT Risk Solutions has long advocated that credit unions should assure their loan programs be a major source of income independent of fee income. TCT’s Risk Based Loan Pricing tool assures loan portfolios are profitable.