Wednesday, January 9, 2019

Overdraft Revenues Up at CUs, Down at Banks and Thrifts

Overdraft revenues increased at credit unions; but fell at banks and thrifts, according to Moebs Overdraft Revenue Study.

The study found that year-over-year overdraft revenues increased by almost $500 million at credit unions as of September 30, 2018. However, overdraft revenues declined by a combined $400 million at banks and thrifts.

Credit unions saw an increase in the volume of overdraft transactions by 2.3 percent over the year ending on September 30. On the other hand, overdraft transactions dropped by 7.3 percent and 2.2 percent at banks and thrifts over the same period, respectively.

1 comment:

  1. "The study found that year-over-year overdraft revenues increased by almost $500 million at credit unions as of September 30, 2018." WOW Amazing



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