Despite some concerns about the economy in 2018—including rising market interest rates, worries over tax reform, and the heightened potential for trade war and geopolitical risks—credit union loan portfolios are on track to [...]
Credit unions can plan for another year of solid loan growth in 2017. Loan portfolios at the nation’s not-for-profit financial cooperatives increased at a hefty 10.6% rate in 2016 and have increased at [...]
CUNA economists recently gazed into our crystal ball—and the future looks bright. Our newly minted outlook is a bit more upbeat than our previous forecast, reflected in a modest increase in economic growth prospects [...]
Summer is well underway and credit union lending—like the weather—is heating up. Credit union loan portfolios are up 2.7% through April and are on track to grow at a double-digit rate in [...]
Credit union memberships are growing at more than three times the rate of U.S. population growth as more consumers recognize the credit union difference. Credit unions rank first among industries in the American Customer [...]
Credit unions’ loans outstanding grew 10% in 2014 and they’re on track to post another double-digit surge in balances this year. More impressively, credit unions may deliver a similar gain in 2016. Credit unions [...]
CUNA’s Mike Schenk debates fellow economist Steve Rick of CUNA Mutual Group. by: Adam Mertz By maintaining near-zero interest rates, is the Federal Reserve helping or hampering the economy? That question served as the [...]
Credit unions are a great option for young savers, Mike Schenk, CUNA vice president of economics and statistics, recently told Reuters for an article on children and saving. Credit unions offer local convenience, the article [...]
Fresh off the heels of last week's GAC, there was a lot of talk about smaller credit unions' existence. We've also been seeing more and more stories in the industry publications about the concerns for [...]
by. Mike Schenk The state of the CU movement is vastly improved, but challenges remain, especially for small CUs. While credit unions have posted impressive operating results as of late—membership growth is at decade-long [...]
Credit union membership growth is moving three times faster than U.S. population growth, according to the Credit Union National Association's monthly sample of credit unions for July. That report also reflects a continuation of [...]
By Constance Gustke • Bankrate.com Credit unions offer a host of valuable freebies. Since they're nonprofit institutions owned by their account holders, credit unions excel at giving back generous perks. They dispense free online financial [...]
The National Credit Union Administration's just-released 2012 credit union data confirm that the trends the Credit Union National Association had reported on throughout 2012 continued in fourth quarter, and that 2012--from almost every vantage point--was [...]
The recovery continues despite government finance issues and the threat of austerity. Economists expect continued slow improvement in U.S. economic performance and credit union operations in 2013. In a Tuesday breakout session, CUNA economists [...]
BY ROBERT MCGARVEY The Rundown By 2025, the United States will have around 4,500 credit unions. Many smaller credit unions don’t have the wherewithal to compete with banks. The cost of technology and [...]
