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
Schenk to IBankrate.comI Savers face prolonged yield drought
MADISON, Wis. (1/11/11)--People looking to bolster their savings during the next few years will have to deal with a paucity of interest rate yields, a Credit Union National Association (CUNA) economist told Bankrate.com Monday. Although no one knows for certain when the Fed will adjust interest rates, one sure thing is that it won’t happen until inflation becomes a concern, Bankrate.com said. As a result, savers may face a prolonged yield drought for the next several years, Mike Schenk, CUNA vice president of economics and statistics, told the publication. "Without those substantial increases in economic activity, without improvements in labor markets, you won’t have inflation pressures,” Schenk added. To read the article, use the link.
Other Resources

RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
9 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
10 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
12 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
13 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
13 hours ago