Less than half of credit union executives are optimistic about 2019
Slowing loan growth, higher funding costs are among chief concerns among CU leaders.
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Less than half of credit union senior executives have an optimistic outlook for 2019, according to a new Cornerstone Advisors report released Monday.
What’s more, a positive outlook among credit union senior executives for the New Year has plummeted by nearly 30% from 2018.
Cornerstone Advisors, a management consulting firm in Scottsdale, Ariz., surveyed 305 senior executives during the fourth quarter from community-based banks and credit unions with assets of less than $250 million up to $50 billion to learn about their priorities, Fintech plans, the state of future-readiness, and their outlook for the year ahead.
Only 48% of credit union senior executives reported they are optimistic about 2019, down from the 77% who had a positive outlook for business in 2018 and 74% who were optimistic about business opportunities in 2017.
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