August Economic Update addresses Greenspan’s concerns, urges credit unions to look forward
WASHINGTON, DC (August 23, 2017) — The August 2017 edition of the CUNA Economic Update, sponsored by CUNA CFO Council, is now available. This month’s update gives credit unions a look at the economic status of the credit union movement and addresses concerns brought up by former Federal Reserve Chair Alan Greenspan.
CUNA VP of Economics & Statistics Mike Schenk hosts the update and said, “The concern over the possibility of a bond market bubble, while understandable, is not very likely. Exploring some economic fundamentals will suggest that a bond market route is only a remote possibility. Check out the video if you want a look at some strong loan and membership growth trends along with a description of the NCUA’s proposal to close the Stabilization fund.”
The CUNA Economic Update is released each month and is free to CUNA member credit unions. To view the update, visit cuna.org/economicupdate.
About CUNA
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
