“Many are asking why this economy, which boasts improving wages, near-full employment and tons of pent-up demand, is only able to achieve modest growth,” said Mike Schenk, CUNA vice president of economics and statistics, in the latest CUNA Economic Update.
“This month’s CUNA Economic Update explores that question, but also shows some real signs of hope, including stellar credit union operating results, a strong consumer sector and sharply reduced volatility on the stock market,” he added.
The monthly video, sponsored by the CUNA CFO Council, highlights the latest developments in the national economy and examines the fiscal performance of the credit union industry.
Schenk addresses credit union-specific economic indicators such as membership growth, loan and savings growth, and loan-to-share ratios. In the overall economy, the update covers including gross domestic product, employment, inflation, and the housing and stock markets.