Washington - The National Association of Federal Credit Unions (NAFCU) has introduced two new sections, the Regional Outlook and a Forecast, to its monthly Economic & CU Monitor.
“Credit unions needed a timely indicator of action and trends in their respective markets. No other vehicle existed until now that offered them this valuable data,” said Dr. David Carrier, NAFCU chief economist and director of research. “With these new tools, NAFCU members have a keen competitive advantage.”
The Regional Outlook provides dynamic monthly indicators that present a comprehensive, localized look at relevant data and trends. It allows credit unions to benchmark and compare their credit union’s performance to their geographic peers.
In addition, the Forecast section is as a one-stop shop for timely economic data and future estimates.
The December edition of the Economic & CU Issues Monitor (attached) includes survey results on this month’s special topic: Credit Union Outlook for 2013.
The newsletter reports that 17.6 percent of survey respondents are preparing for reduced net income next year, while 27.5 percent expect improvement in that area. In a related finding, 35.4 percent of survey participants said net interest margin will continue to narrow in 2013, while only 6.3 percent expect wider spreads.
“NAFCU members who participate in our monthly survey provide critical insight into industry developments around the country that is very valuable to other credit unions," said Carrier. "This information is also invaluable to NAFCU as we champion credit unions with policymakers and regulators.”
NAFCU’s Economic & CU Issues Monitor is a NAFCU-member only publication. It is prepared monthly based on survey data from NAFCU-member credit unions, as well as their input on other topics vital to credit unions. Members can take the survey at www.nafcu.org/research/participate.
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The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.