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In doing industry research about CU’s need for Deposit Reclassification, I’ve stumbled upon some interesting statistics.

CU’s with more than $40M in checking accounts are the target market for Deposit Reclassification.  If all of them were to reclassify their deposits, the average CU with more than $40M in checking would make $352K a year.  Some of the big boys do skew that number a little because they could make millions each year, but the average CU could stand to make between $100K and $250K.  The industry as a whole would make $152M a year if they all reclassified their deposits.  The NCUA’s budget for 2008: $156M.

More news on the NCUA’s budget from CUNA here.

 PS, we should start a petition to get Trabian a contract to redesign the NCUA website!