The potential loss of non-sufficient funds (NSF) and overdraft (OD) fee income due to increased regulatory scrutiny and competition poses financial and member experience challenges for credit unions that are more reliant on these sources of revenue.
What's the right strategy to replace the lost revenue while maintaining member service?
Join us Tuesday, October 29th (11am CT) for an in-depth exploration of three optional paths for credit unions to take to off-set the potential loss of revenue while achieving financial stability and maintaining member experience. In this session we will share insights on:
- The two proposed rules from the Consumer Financial Protection Bureau that would spell the collapse in OD and NSF income.
- Which consumers are using overdraft protection and how would discontinuing these programs impact their perception of their financial institution.
- Examples from credit unions that have had success in becoming less reliant on these kinds of fees.
If your credit union is looking for ways to become less reliant on NSF/OD fee income or you're just curious on the current regulatory landscape, we invite you to join us!
This is a member only webinar. Please login to register or contact [email protected] for membership inquiry.
