Rising deposit rates have been pressuring net interest margins (NIMs) in recent quarters. Competition for deposits has led to increases in higher-cost deposit products, such as certificates of deposit and money market accounts, as well as an increasing need to explore wholesale funding options. NIMs for the credit union industry are not markedly lower, as Exhibit 1 shows, but many institutions are facing pressures on managing funding costs.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.