Less than half of credit union executives are optimistic about 2019
Slowing loan growth, higher funding costs are among chief concerns among CU leaders.
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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