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July 15, 2013
NAFCU Economic & CU Monitor for July is out
July 16, 2013 – NAFCU's research division has put out the July edition of the Economic & CU Monitor, which focuses on overdraft protection programs.
The Monitor revealed that 98 percent of survey respondents charge overdraft fees, with a median fee of $25. However, 94 percent of these will reverse charges on a case-by-case basis and nearly 70 percent of respondents contact members who repeatedly incur overdraft charges.
A majority of survey respondents indicated that member feedback regarding their overdraft protection programs was generally positive. None reported receiving negative feedback.
The report also focused on survey results regarding loan growth, capital ratio, and net interest margins. Also, NAFCU surveyed optimism about future earnings and first mortgage loan growth, and found it is in decline.
Monitor results are based on a member survey available on the NAFCU website.
The Monitor revealed that 98 percent of survey respondents charge overdraft fees, with a median fee of $25. However, 94 percent of these will reverse charges on a case-by-case basis and nearly 70 percent of respondents contact members who repeatedly incur overdraft charges.
A majority of survey respondents indicated that member feedback regarding their overdraft protection programs was generally positive. None reported receiving negative feedback.
The report also focused on survey results regarding loan growth, capital ratio, and net interest margins. Also, NAFCU surveyed optimism about future earnings and first mortgage loan growth, and found it is in decline.
Monitor results are based on a member survey available on the NAFCU website.
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