Move Away From Margin Mngmt. Pays At FNEFCU

Birch, Ray
April 2011
Credit Union Journal;4/25/2011, Vol. 15 Issue 16, p18
Trade Publication
The article reports on the changes determined by First New England Federal Credit Union (FCU) to obtain 58% of its revenue from non-interest income. According to chief executive officer (CEO) Michael Palladino, the adjustments done by the company resulted to improved financial status. It states that the credit union sold the credit card portfolio and established high-interest checking. It says that the credit union diversified to yield more revenue and product growth.


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