Hampel: Economy, Loan Growth ‘Pretty Decent’

PEIS discussion examines current economy, risk-based capital, and housing finance reform.

May 1, 2014

As the weather-induced economic slowdown recedes, the economy will gradually pick up steam for the rest of year, says Bill Hampel, CUNA’s chief economist and senior vice president.

This growth won’t be “fantastic,” he says, “but within the next couple months we’ll probably have has many people working as there were before the recession.”

Overall, “the economy looks pretty decent.”

Hampel offered these insights during CUNA’s Pressing Economic Issues Series (PEIS) in April. This resource provides monthly 30-minute updates on current economic issues and hot topics affecting credit unions.

Hampel says credit union loan growth is picking up, and that long-term interest rates could “drift up a little” if economic growth continues.

Click here for a condensed version of Hampel’s April 2014 PEIS discussion in which he also addresses NCUA’s risk-based capital proposal and the Senate’s new housing finance reform proposal.