CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » CUNA economists discuss what a recession could mean for credit unions’ bottom line
Press

CUNA economists discuss what a recession could mean for credit unions’ bottom line

August 26, 2019

FOR IMMEDIATE RELEASE   

August 26, 2019

Credit Union National Association (CUNA) today released the August 2019 edition of the Economic Update, sponsored by the CUNA Finance Council. Deputy Chief Advocacy Officer and Chief Economist Mike Scheck discusses the increasing concern over the possibility that the economy is headed into recession. Schenk looks beyond the, now inverted, yield curve for significant signs of weakness that might signal a turning point. 

“Uncertainty and volatility have increased dramatically over the past several weeks – mostly due to increasing concern about tariffs and the risk of full-blown trade war,” Schenk said. “As a result, many bond investors migrated to Treasuries – the safest investments on the planet. The resulting big increase in demand pushed Treasury prices higher.”

The August video also features:  

  • The cause of an inverted bond yield curve for 2019
  • Discussion of a variety of leading economic indicators & what they’re now implying
  • The likely near-term path for credit union operating results

“Consumers are likely to be more cautious in the current environment but there isn’t a lot of compelling evidence that they’ll be retrenching, Schenk adds. “Against this backdrop, it seems reasonable to expect credit unions will continue to see decent, though slower, loan growth, high asset quality and healthy bottom-line results over the next 12 to 18 months.”

The August 2019 CUNA Economic update is complimentarily available to all CUNA members. To watch the video and other past updates, visit cuna.org/economicupdate. 

###         

About CUNA:          

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com. 

Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • House passes CUNA, League-led board modernization bill

  • CFPB issues CUNA-opposed proposal on credit card late fees

  • Key committee leaders supportive of credit union priorities

Tweets by CUNA_News

Polls

Vote for the 2023 CU Hero of the Year

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us