Latest trends report shows halcyon days for credit unions
CUNA Mutual Group’s Chief Economist Steven Rick joins us to discuss his latest Credit Union Trends Report — and it is a glowing one. In fact, Steven admitted that there really isn’t anything negative to report for September 2015 — except for the fact that it will be a challenge to keep the industry’s current pace, which, in some categories it hasn’t experienced in more than a decade.
To get a more detailed picture, we analyzed several of the report’s categories: membership, deposits, loans, home equity, surplus funds, savings and assets, etc. As we reviewed at each category, it was good news after good news after good news. A far cry from where we were a few years ago. But one of the interesting things that Steven pointed out, much of this good news revolves around what consumers are paying at the pump. Find out how the two correlate in our discussion. Enjoy!continue reading »