February 2016 CUNA Economic Update examines national stagnation, credit union growth
WASHINGTON, DC (February 25, 2016) — This month’s CUNA Economic Update, sponsored by the CUNA CFO Council, has been released. Hosted by CUNA VP of Economics & Statistics Mike Schenk, the update explains how, despite an uncertain economy, credit unions continue reflect solid operating results.
“Credit union professionals face a great deal of uncertainty in the current environment – but they should be reassured by the positive data in this month’s update,” said Mike Schenk. “Viewers will see solid credit union results continue despite the challenges and should come away reassured about the future.”
In its review of the national economy, the February update provides recent numbers on such factors as overall economic growth, employment and the housing market. Schenk also provides insight on the likelihood of market interest rate increases.
In his credit union-specific analysis, Schenk evaluates 2015 membership increases, loan growth, asset quality and liquidity trends and reviews expectations for 2016.
The CUNA Economic Update is a free, monthly 15-minute video series for CUNA member credit unions. To view the update, visit cuna.org/economicupdate.
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 cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.