NCUA note on OD and NSF fees at CUs
The NCUA has released a research note that provides an analysis of statistics for overdraft and non-sufficient funds fees, and observations on the relationship between overdraft and non-sufficient funds fees and other revenues.
The Note highlights two observations:
- Credit unions with higher combined overdraft and NSF fees per member do not seem to have lower fees per member for other services
- Credit unions with higher combined overdraft and NSF fee revenues do not seem to be using those fees to “subsidize” better interest rates
The NCUA’s Office of the Chief Economist will continue to analyze evolving trends in overdraft and NSF fees revenue as additional data become available.