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Mike Schenk

Leadership|Subscribers

Economic expansion likely to continue

Credit unions will continue to see decent, albeit slower, loan growth for the next 12 to 18 months.

Mike Schenk

Leadership|Operations|Subscribers

What’s ahead for the economy

CUNA Chief Economist Mike Schenk outlines areas of concern and reasons for optimism.

2019-05_Trendlines_116095

The $31 trillion question

Growing government debt could lead to fewer options, says CUNA Chief Economist Mike Schenk.

2019-05_Trendlines_116095

Rising deficits a growing concern

Anxiety grows over the federal government’s finances—and rightly so, says Mike Schenk, CUNA's chief economist.

Strong labor market continues

Lending

Strong labor market continues

The September unemployment rate declined from 3.9% to 3.7%, its lowest level since 1969.

Asset quality remains high

Lending

Asset quality remains high

Delinquencies should finish the year at 0.75%, then drift up to 0.85% by year-end 2019.

Business lending growth should remain strong

Lending

Business lending growth should remain strong

Trade disputes threaten to derail certain industries.

CUs’ mortgage market share continues to rise

Lending

CUs’ mortgage market share continues to rise

‘We expect credit unions to continue to outperform in the mortgage arena.’

Auto loans to lead growth

Lending

Auto loans to lead growth

Average age of cars on the road is at an all-time high, suggesting healthy underlying demand.

2019 Lending Roadmap: What’s in store for credit unions

Lending

2019 Lending Roadmap: What’s in store for credit unions

Expect solid loan growth to continue next year due to a strong economy and ‘supremely confident’ consumers.

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