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Durbin Amendment Impact: $1 Million For CUs in Third Quarter 2012

CUNA says data shows $1.38 million loss for 155 credit unions in that quarter alone in data trade studied.

By David Morrison | Updated on February 19, 2013

Some credit unions which are supposed to be sheltered from the impact the Durbin Amendment’s cap on debit interchange saw their interchange drop by collectively over $1 million in the third quarter of 2012, according to data collected by CUNA.

Although the association initially reported that only between 120 and 130 credit unions participated, in fact 230 credit unions responded to an invitation from CUNA to share their debit interchange data and of those CUNA used data from 155, according to CUNA Chief Economist Bill Hampel.

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