ARLINGTON, Va.—Despite rebounding economic data, NAFCU’s Credit Union Sentiment Index (CUSI) fell for the third straight month in April, as three of its four components declined from the previous month. The sharpest decrease was in the lending score, which fell to the lowest level in its nearly two-year history.
The CUSI is an index based on NAFCU member responses to eight questions on growth and earnings outlook, lending conditions and regulatory burden.
Separately, with April being National Financial Literacy Month, NAFCU latest Economic & CU Monitor report found 61% of respondents' credit unions engage with local schools to provide financial literacy programs. The survey further found "hands-on, in-person learning activities were the most effective for teaching financial literacy concepts."