The numbers don't lie but they don't always paint the whole picture. It all depends on how you slice and dice, and then view those slices. Let me explain.
We'll begin here: All credit unions need a steady flow of noninterest income (NII) to survive and thrive, to supplement what they can make from interest on their loans and investments.
Noninterest income, per the NCUA, comprises fee income (overdraft, ATM, credit card fees, etc.), other operating income (unconsolidated CUSO income, NCUSIF dividends, interchange income, participation loans, etc.), gains on investments, gains on non-trading derivatives, gains on disposition of fixed assets, gains from bargain purchase (typically mergers), and other non-operating income (gifts, donations, grants).
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