ALEXANDRIA, Va.–NCUA’s latest Economic Update video looks ahead to 2015, and a year in which the economy will continue to grow and labor markets will continue to improve.
The report indicates that improvements in the economy and falling unemployment rates will likely bring credit unions continued solid loan growth, good loan quality and moderate increases in deposits.
The bogey on the horizon, said NCUA Chief Economist John Worth, is interest rate risk. “The improving economy has implications for monetary policy and interest rates. While nothing is certain, the improving economy is likely to bring changes to the interest rate environment in the coming year that could prove challenging to some credit unions.”
The video can be seen in CUToday.info’s The Vids section.