Bottom Line Shrinks at Trade Associations
WASHINGTON - In a year that was tough for bank earnings, trade groups suffered too.
Revenues - money brought in from dues, fees for services, and investment income - rose at 10 groups, including the Securities Industry Association, the National Association of Home Builders, and the American Bankers Association.
But revenues fell or were flat at eight groups, including the U.S. League of Savings Institutions, National Council of Community Bankers, and Financial Services Council.
"Flat is good," said Patrick Forte, president of the Association of Financial Services Holding Companies.
The Realtors and the ABA are the wealthiest financial trade groups by far, with revenues of $74.6 million and $57.3 million, respectively. The Home Builders takes third place with $33 million, and the U.S. League is fourth with $29 million in income.
The Credit Union National Association is fifth with $23 million.
Gauging by net worth, the Realtors in the largest group of …