Feb. CUNA Economic Update examines nat’l stagnation, CU growth

February 29, 2016

MADISON, Wis., and WASHINGTON (2/29/16)--This month’s Credit Union National Association (CUNA) Economic Update, sponsored by the CUNA CFO Council, has been released.

Hosted by CUNA Vice President of Economics and Statistics Mike Schenk, the update explains how, despite an uncertain economy, credit unions continue reflect solid operating results.

The CUNA Economic Update is a free, monthly 15-minute video series for CUNA member credit unions.

 “Credit union professionals face a great deal of uncertainty in the current environment--but they should be reassured by the positive data in this month’s update,” said Schenk. “Viewers will see solid credit union results continue despite the challenges and should come away reassured about the future.”

In its review of the national economy, the February update provides recent numbers on factors such as overall economic growth, employment and the housing market. Schenk also provides insight on the likelihood of market interest-rate increases.

In his credit union-specific analysis, Schenk evaluates 2015 membership increases, loan growth, asset quality and liquidity trends and reviews expectations for 2016.