Press
NCUA releases new economic analysis
Latest Economic Video Update Examines Impact of Government Shutdown, Budget Agreement on National Economy
ALEXANDRIA, VA (October 30, 2013) — The National Credit Union Administration today released a new economic video analysis for federally insured credit unions on the agency’s YouTube channel, https://www.youtube.com/user/NCUAchannel.
In the latest installment in the agency’s Economic Update series, NCUA’s Chief Economist John Worth provides commentary on the effects of the recent partial federal government shutdown and mid-October budget agreement on labor markets, consumer confidence and the interest rate environment.
On the recent fall in long-term interest rates, Worth said, “While interest rates will remain relatively low while growth is weaker than expected, we think this will just be a delay in the ultimate re-adjustment of rates that credit unions need to be planning for.”
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 more than 95 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
–NCUA–