Interest-rate hike among NCUA ‘Economic Update’ topics
ALEXANDRIA, Va. (6/22/15)--The economic environment is ripe for growth at federally insured credit unions, according to the latest “Economic Update” video from the National Credit Union Administration.
Steady job growth and a reduction in unemployment rates point to continued strength in loan demand and continued low or falling delinquency rates, the agency noted.
The newest video reviews recent performance of federally insured credit unions, current economic trends and commentary on the impending rise in interest rates.
Many economic analysts project that, if the economy continues to improve, the Federal Reserve will raise short-term interest rates--possibly twice--before the end of the year.
NCUA encourages credit unions to use the agency’s interest-rate risk resource web page to better understand the risk those changes present.