Nickum

Yet Brad Nickum, a consultant who advised some of the largest banks on credit card and overdraft income, says profits — not costs — generally drive bank fees.

Banks' 'courtesy' loans at soaring rates irk consumers 2009

"When you allow an overdraft, it increases the probability of subsequent fees" because consumers have less money to cover other transactions, says Nickum, who now advises regional banks.

Courtesy overdraft fees hit credit union customers, too 2009

"We've got this bastardized revenue stream that gets a disproportionate amount from a small portion of the customer base," Nickum says.

Banks' 'courtesy' loans at soaring rates irk consumers 2009

Even though financial institutions often charge the same fee whether they pay or deny the bounced transaction, covering it ultimately generates more revenue, says Brad Nickum, who used to work at Earnings Performance Group and Profit Technologies, which consulted with institutions on overdraft programs.

Courtesy overdraft fees hit credit union customers, too 2009

COSTELLO: Last month, Nickum was pulled over after being videotaped going through the intersection.

CNN Transcript Apr 19, 2006 2006

Nickum told police he played red light-green light everywhere.

CNN Transcript Apr 19, 2006 2006

Police confiscated the gadget, and fined Nickum $50.

CNN Transcript Apr 19, 2006 2006

Florence is survived by her brothers, Robert (Nadine) Nickum, Stewartville, and John (Mary)

Postbulletin.com Local News 2010

She was born Feb. 19, 1927, in Rochester, the daughter of Gerald and Katherine (Beach) Nickum.

Postbulletin.com Local News 2010

"That is a lot of potential money that we as homeowners just don't have the resources to take care of," Nickum said.

ajc.com - News hvogell@ajc.com 2010