June 2017 CUNA Economic Update features early summer outlook
FOR IMMEDIATE RELEASE
MADISON, Wis., and WASHINGTON (July 11, 2017) – CUNA has released the June 2017 edition of the CUNA Economic Update, sponsored by CUNA CFO Council. CUNA Chief Policy Officer Bill Hampel hosts the update, which provides a general overview of where the economy stands going into the summer.
“It’s a complicated picture, but all in all things look positive for credit unions,” said Hampel. “As interest rates rise, credit unions’ net interest income is also likely to rise, and—assuming steady, controlled economic growth—the movement should be poised to continue thriving despite inflationary changes and uncertainty in Washington.”
Inflation is a main focus of the update, with fresh data on consumer price inflation and analysis of recent changes in the treasury yield curve. Additionally, the update contains a comprehensive breakdown of recent credit union net income results, including interest yield on asset, fee income and loan loss provision trends.
To view the CUNA Economic Update, visit cuna.org/economicupdate.
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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 more than 110 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.