Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUNA chief economist addresses Conn. Economic Forum
MERIDEN, Conn. (10/21/10)--Bill Hampel, chief economist for the Credit Union National Association (CUNA), addressed more than 100 Connecticut credit union executives, board members and officers about current economic conditions at the Economic Forum hosted by the Credit Union League of Connecticut in Plantsville, Conn.
Click to view larger image Tony Emerson, president /CEO of the Credit Union League of Connecticut (left), listens to a point made by Bill Hampel, chief economist at the Credit Union National Association, following Hampel’s presentation on the economy for Connecticut credit union officials at the league’s Economic Forum in Plantsville, Conn. (Photo provided by the Credit Union League of Connecticut)
Although Hampel pointed out the factors driving the unpredictable economy, he said the recession was over, conditions are on the mend, and “the long-term outlook is modest.” He predicted moderate savings and asset growth going forward for credit unions. However, interest rates will remain low along with continued weak loan growth. “People are saving a lot more than they used to, using disposable income mostly to pay down debt,” Hampel said. In fact, the forecast into 2011 is for a marked decline in loans, the first time CUNA economists have predicted such for future credit union performance, Hampel added. Following the discussion, three officials from the National Credit Union Administration--currently overseeing operations at Constitution Corporate FCU, Wallingford, Conn., now in conservatorship--provided a status update and outlook for the corporate’s future, and took questions.


RSS





print
News Now LiveWire
#creditunions teach #college students how to handle the plastic http://t.co/SYy24PSQmn
46 minutes ago
How you might change how you bank in 2015 @Bankrate http://t.co/wRhQsyTvul
1 hour ago
#NewsNow Ohio, Ga. video: Merchants not watching your wallet http://t.co/7jc7rECKSF
1 hour ago
What will a viking raid? Town or your wallet? http://t.co/JJYXXAGk7g @OhioCreditUnion @GCUAGov #StoptheDataBreaches http://t.co/7jc7rECKSF
2 hours ago
#creditunions face 'perfect storm' of tech changes in 2015 #NewsNow http://t.co/K2a6GZX8k5
2 hours ago