The conference features sessions hosted by CUNA’s economists and other economic experts.
“U.S. credit unions are doing very well,” says James Hotchkiss, Federal Home Loan Bank of Chicago. Loan growth at CUs is good--much stronger than at banks overall.
Is a student loan debt crisis brewing? Not likely, says Bill Hampel, CUNA’s chief economist/chief policy officer. The average level of debt for students coming out of college is about $32,000. “That’s not necessarily debilitating.”
The immediate future for electric vehicles is not as bright as experts predicted, says Sean P. McAlinden, vice president/chief economist for the Center for Automotive Research. Low gas prices mean more people are back to buying trucks.
CUs must understand their income statements and balance sheets under a variety of interest-rate scenarios, says NCUA's Scott Borger.