CUNA released the April CUNA Economic Update video, hosted by CUNA Chief Economist Bill Hampel.
“This month, we see further signs that, financially, credit unions look to be in good shape for the immediate future,” said Hampel. “Consumers are flocking to the movement in unexpectedly high numbers and relying more heavily on credit unions’ services, and credit unions are making great use of their capital.”
The video, sponsored by the CUNA CFO Council, offers an overview of recent national economic trends and analysis of how those trends affect the fiscal health of the credit union industry.
The update features the economists' most recent forecast for 2016 and their initial economic forecast for 2017. National economic issues addressed in the update include unemployment, interest rates and inflation; credit union-specific issues include membership growth, loan growth and returns on average assets.