Credit union strength explored in June 2016 CUNA Economic Update

WASHINGTON, DC (June 29, 2016) — Credit Union National Association has released the June 2016 edition of CUNA Economic Update, their monthly video series covering recent economic developments and their impact on the credit union industry. Sponsored by CUNA CFO Council and hosted by CUNA Senior Economist Perc Pineda, the update is free to view for all CUNA members.

Topics addressed in this month’s update include:

  • The underwhelming May 2016 jobs report
  • Mixed economic numbers amounting to modest growth
  • The Federal Reserve and interest rates
  • Continued over performance of credit union savings, loans asset and membership growth

“Challenges for higher economic growth remain,” said Pineda. “While credit union operating results continue to beat expectations, job growth unexpectedly slowed in May postponing the next federal funds rate hike. The gap between our industry’s performance and the macro economy seems intriguing, and we dive into it headfirst with our analysis in this month’s update.”

To view the update, visit

About CUNA

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit To find your nearest credit union, visit


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