Pete (Peter) Duffy

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590 appearances 1 recordings 1 series first heard Jul 2026 last heard 10 Jul

Pete (Peter) Duffy’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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L let me give you a couple of uh data points on the economy of scale.

Back in two thousand, as I was going around the industry.

I was pointing out that

Actually at that time, the hundred million in assets seemed like

Adequate economy of scale.

Here's how I look at that.

And many more are starting to.

At a hundred million.

Your net interest income

paid for your non interest expense.

So mathematically on a balance sheet, what that means is the income I make off of loans and investments.

subtract cost of shares or deposits, and that leaves me

A net income

that I then subtract non interest expense, salaries, branches, marketing, conferences, telephones or technology.

What is that in the income statement at that moment?

Net interest income minus non interest expense is ROA.

Before the provision

And before fees.

Putting the provision aside for a second, what you're looking at is it's the net income off the core business before you add in fees.

In the year two thousand at one hundred million and above, the aggregate group of credit unions had a net income of

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