Irvine, CA (August 21, 2024) |
Origence, the leading lending technology solutions provider for credit unions, is hosting a free webinar titled “Economic and credit union update” featuring guest speaker Steven Rick, director and chief economist at TruStage, on August 29, 2024 at 11 a.m. PT.
In this session, Rick will explore how the global economy, the overall financial sector, and the labor market will impact the U.S. economy, U.S. interest rates, and ultimately, credit union balance sheets and earnings performance. Attendees will identify key trends in savings, loans, and assets, while exploring future growth patterns through 2025.
Key takeaways include:
- Global and financial trends and their impact on credit unions
- Measurable performance benchmarks
- Trends in savings and loans
- Future growth patterns and predictions
“Signs of the U.S. economy slowing are emerging, with lower consumer spending, higher delinquencies, and an uptick in unemployment to 4.1%. Although June’s inflation eased to 3.0%, it’s still too high for any immediate policy change. The upcoming U.S. election in November adds uncertainty. Our credit unions now face the challenge of anticipating whether this downturn will impact earnings and inflation enough to trigger a September rate reduction, and how to strategically adjust for the potential volatility of the election period,” said Neetu Bhagat, chief financial officer of Origence. “This session will equip credit unions with the insight they need to navigate the complexities of the 2024 economic landscape effectively.”
This webinar promises to be a valuable resource for credit unions seeking to make informed decisions in an ever-evolving economic climate. Origence invites credit union professionals, executives, and stakeholders to register for this free webinar here.
Steven Rick, chief economist at TruStage