Bill Hampel is the senior vice president of research and policy analysis and chief economist for the Credit Union National Association (CUNA). He is a senior member of CUNA’s credit union advocacy team in Washington.
The research and policy analysis department maintains a comprehensive financial database on credit unions, conducts a variety of research on financial and economic issues of interest to the credit union movement for credit unions and state leagues, and supports advocacy mission of the association. He joined the department as an economist in 1978 and was promoted to vice president in 1985. He was appointed senior vice president in 1992.
Hampel writes economic analysis columns that appear in several credit union publications. An expert on the economy and credit union issues, he is regularly
interviewed by the media for stories appearing on major national television, radio and print outlets. Prior to joining CUNA, Hampel was an assistant professor of economics at the University of Montana at Missoula. Before that he was an instructor of economics at Iowa State University at Ames.
Hampel served as a staff member at Navy Federal Credit Union in Virginia during a one-year sabbatical in 1989, where he studied credit union operations and carried out a variety of consulting projects.
He was on the board of directors for Great Wisconsin Credit Union (formerly CUNA Credit Union) from 1991 to 2003, serving as board chair from 1999 to 2001. He served on the board of the National Cooperative Bank, which supports America's cooperatives and their members, especially in low-income communities, by providing innovative financial and related services.
Hampel is a member of the American Economic Association and the National Association for Business Economists and holds a doctorate in economics from Iowa State University..
The Wall Street Journal
Consumers’ Credit Card Balances Decline
The uncertainty caused by Washington gridlock could cause overall credit growth to ease, especially if a prolonged debt ceiling fight makes consumer skittish about financing cars, appliances and other long-lasting goods, said Bill Hampel, chief economist at the Credit Union National Association.“Consumers have the ability and need to replace big-ticket items, but it’s also really easy to postpone those purchases for a couple of months if they get nervous,” he said.
Weekly Jobless Claims: The Numbers Behind the Numbers #Hounews
Today’s weekly jobs report is a bit of an anomaly because of a flawed sample, but there’s more behind the numbers than first meets the eye. Two states’ computer glitches are preventing The Labor Department from generating a complete report on last week’s jobless benefits claims, clocking-in at just 31,000. But there remains a troubling trend in earlier weeks’ reports, according to Bill Hampel, Chief Economist for the Credit Union National Association. “These numbers are usually very difficult to interpret on a weekly basis, or at least, must be taken with a grain of salt on a weekly basis, because they’re usually quite volatile,” he says. “What also counts is how many jobs are being added.”
The Washington Post
Stocks Go Weak Following Strong Economic Reports
“The stock market will recover from its concerns about the Fed tapering,” said Bill Hampel, chief economist at the Credit Union National Association. “In the long term, the stronger the economy, the better it is for everyone, including the stock market.”
Big Banks, Credit Unions Approve More Smaller Business Loans
In June, Credit Union National Association chief economist Bill Hampel questioned whether Biz2Credit’s research reflected the true state of credit union lending, pointing to research showing that credit unions made $3.9 billion in business loans in the first quarter of 2013, up from $3.1 billion in the same quarter of the previous year.
June Jobs Report: Hiring Beats Expectations
"Investors are beginning to believe that the economy actually may be strong enough to grow without the extreme monetary support," said Bill Hampel, chief economist at the Credit Union National Association. "When will we finally get back to the day when good news for the economy is taken as good news by the stock market? It looks like we might finally be there."
First Take: As Job Gains Grow, Optimism Rises
As Wall Street has gyrated lately, Main Street economist Bill Hampel has watched with a bemused smile. Trade on, brethren. To the chief economist of the Credit Union National Association, the economy looks pretty steady and Friday's jobs report looks like more of the same — or a little better.
Are Credit Unions Saying No to More Small Businesses?
Bill Hampel, chief economist at the Credit Union National Association, which lobbies for the industry, questioned whether the Biz2Credit index reflected the true state of credit union lending. “A lot of small business lending is relationship-based and requires local knowledge,” he says, noting that Biz2Credit’s online platform might not offer a fully representative sample of credit union loan applications. While credit unions don’t report approval rates, says Hampel, data published by the National Credit Union Administration show that credit unions made $3.9 billion in business loans in the first quarter of 2013, up from $3.1 billion in same quarter a year ago.