Leveraging Your Non-Interest Income Data with Peer Suite

Non-interest income (NII) provides a valuable opportunity to diversify your revenue portfolio and reduce reliance on interest-based income. With Peer Suite, your credit union can discover innovative ways to expand and optimize NII while remaining mindful of its impact on members. As the industry moves toward reducing fees like Overdraft and NSF, which disproportionately affect vulnerable members, exploring other sources of non-interest income has never been more essential. This guide will walk you through how to leverage your NII data for analysis and peer benchmarking to inform your strategies.

Why is Non-Interest Income Data Important?

Unlike interest income, which is heavily influenced by external macroeconomic factors, non-interest income gives credit unions greater control over revenue generation. Tracking specific subcategories of NII offers deeper insights than analyzing the total category reported in the 5300 Call Report.

By focusing on subcategories of NII, your credit union can:

• Track changes over time to identify performance trends.
• Benchmark against peers to assess relative performance.
• Develop informed strategies to optimize specific revenue streams.

Share Your Data

To take advantage of Peer Suite’s benchmarking and analysis tools, ensure your credit union has shared its NII data with Callahan’s study.

Learn how view this proprietary data set by Joining Callahan's Non-Interest Income Study or get a jump start by downloading our NII Template.

Analyze NII Data in Peer Suite

Once your data is uploaded, Peer Suite offers a variety of built-in and customizable tools to analyze your Non-Interest Income.

Built-in Peer Groups

After sharing your NII data, you will be able to access the NII Reporting Credit Unions peer group to benchmark against others contributing to the study.

You can find it using Peer's comparison search. We recommend containing your non-interest income benchmarking to only other institutions who have submitted d for the best results.

This peer group will automatically update to include any new intuitions that join the study.

Explore the NII Folder

Navigate to the NII Folder (located within the Community Data section) to explore built-in displays that highlight trends and performance in non-interest income.

Use the Search Box to quickly find additional NII displays.

Custom Peer Groups

You can create a peer group that include non-interest reporting credit unions stacked with other metrics important to your credit union's strategy.

Steps to Build a Custom Peer Group:

1. Click Create from the navigation menu.
2. Open the Select by Criteria builder.
3. Filter using the account code xnii to include only credit unions with NII data.
4. Set xnii to a minimum value of 1 to filter for institutions reporting NII.
5. Add any additional financial or geographic filters.
6. Save your peer group and start analyzing.

Create Custom Displays

Design custom displays to analyze NII metrics alongside other key performance indicators relevant to your credit union’s goals.

Peer Suite's custom display builder is accessible from the create tab in the top nav. Use the search bar or enter account codes directly in to the formula table.

Use the below table for reference as you create your custom displays.

NII Account Code Reference Table

Conclusion

Non-interest income is a powerful tool to enhance your credit union’s financial health and resilience. Peer Suite equips you with the benchmarking and analysis capabilities to maximize your NII data and inform your strategies.

Ready to unlock the full potential of your NII data? Learn how to share your data today!