With rates near all-time lows and costs still rising, it has become so difficult for credit unions to earn a positive spread for their members that Nevada Federal Credit Union is paying members to take their money elsewhere.

"There's virtually no loan demand right now, given the local economy; short-term investments are paying as low as 0.10% to just 0.25%, and we've been told to prepare for an NCUA assessment of anywhere from 15 to 40 basis points — it's a negative spread," said Brad Beal, the $820 million-asset credit union' president.

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