Non-interest income

On Sep. 30, 2020. Dollars in thousands.

The company's insurance arm, which recently bought a Texas-based insurance tech firm, is on pace to complete five deals this quarter.

On June 30, 2020. Dollars in thousands.

On Mar. 31, 2020. Dollars in thousands.

With rates so low — after steep emergency Federal Reserve cuts in response to the pandemic’s fallout — banks will struggle to generate bread-and-butter interest income and asset-sensitive lenders will face substantial net interest margin contraction this year and next, analysts say.

The largest credit union in the world increased its provision by 28% from a year earlier.

Margins will be squeezed after the Federal Reserve lowered interest rates earlier this month to counteract the economic fallout from the coronavirus.

Credit unions intensified their focus on gathering deposits in 2019 but many institutions are still looking for cheaper core funding.

The Kansas City-area institution has sponsored the NFL’s Chiefs since 2016, but became its official banking partner in 2019. The timing couldn’t have been better.

Ardent Credit Union plans to market its adaptable “Cube” design to other financial institutions.