Press
NCUA economic update series returns
ALEXANDRIA, VA (February 28, 2014) – Economists expect 2014 to be a good year for growth and employment according to a new economic video analysis released today by the National Credit Union Administration. A faster growing economy will provide some support for credit union fundamentals helping to support moderate deposit and loan growth and further improvement in loan quality.
The latest video in the agency’s Economic Update YouTube series is available at, https://www.youtube.com/user/NCUAchannel.
Many analysts also are forecasting rising longer-term interest rates as economic growth improves. Rising longer-term interest rates can help support earnings as yields on new loans rise, but may foreshadow higher shorter-term rates. NCUA Chief Economist John Worth continues to warn credit unions to stay vigilant about interest rate risk as the economy “transitions to a more ‘normal’ interest rate environment.”
NCUA’s economic update video series is an ideal information resource for credit union board members, loan officers and management and is available on NCUA’s official YouTube channel.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 96 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.