REGULATING AGENCY: Nebraska Department of Banking And Finance; Division of Financial Institutions
LEAGUE: Nebraska Credit Union League
- Scott Sullivan, President/CEO
- Website: nebrcul.org
PRIVATE SHARE INSURANCE: No
STATS: (As of June 2021)
Total Number of Credit Unions: 58
- TOTAL # SCUs: 11
- TOTAL # FCUs: 47
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 19%
Total Assets: $5,843,561,874
- TOTAL $ SCU ASSETS: $897,100,340
- TOTAL $ FCU ASSETS: $4,946,461,534
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 15%
Total Members: 545,991
- TOTAL Members SCUs: 74,625
- TOTAL Members FCUs: 471,366
- SCU % OF TOTAL (SCUS/STATE TOAL): 14%
FUN FACT: About 80 percent of the world’s sandhill crane population alights on Nebraska’s Platte River during the cranes’ annual spring migration, bringing with them thousands of bird-watchers.
Investment Fund Expense Ratios Advisory
NDBF SHEDS LIGHT ON INVESTMENT FUND EXPENSE RATIOS
August 16, 2021 — As part of its ongoing effort to raise investor awareness, the Nebraska Department of Banking and Finance (NDBF) today issued an advisory discussing the importance of paying attention to expense ratios when comparing mutual funds and exchange traded funds.
The advisory explains what expense ratios are; how they are calculated; how they are affected by a fund’s management style, investment strategy and portfolio size; and important considerations for investors.
“Expense ratios are an important element for investors to consider, along with a fund’s risk/return profile, when comparing funds,” NDBF Deputy Director Claire McHenry said.
The full advisory is available on the agency’s website here ndbf.nebraska.gov.
Before making any financial decisions, ask questions, do your homework, and contact the NDBF at 402-471-2171 for more information.
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