Strong credit union performance despite slow economic growth highlighted in May 2016 CUNA Economic Update
WASHINGTON, DC (June 3, 2016) — Credit Union National Association has released the May 2016 edition of CUNA Economic Update. Sponsored by the CUNA CFO Council and hosted by CUNA Vice President of Economics and Statistics Mike Schenk, the video highlights the latest developments in the national economy and examines the fiscal performance of the credit union industry.
“Many are asking why this economy, which boasts improving wages, near-full employment and tons of pent-up demand, is only able to achieve modest growth,” said Schenk. “This month’s CUNA Economic Update explores that question, but also shows some real signs of hope, including stellar credit union operating results, a strong consumer sector and sharply reduced volatility on the stock market.”
Credit union-specific economic indicators assessed in the video include membership growth, loan and savings growth, and loan-to-share ratios. In the overall economy, the update addresses several factors, including GDP, employment, inflation, and the housing and stock markets.
The CUNA Economic Update is available for free to all 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.
