ALEXANDRIA, Va.–NCUA has released the latest video in its Economic Update series.
The video reviews the recent performance of FICUs, current economic trends, and commentary on the impending rise in interest rates.
“Improvements in the national economy at the start of the second quarter of 2015 are good news for federally insured credit unions as lenders,” NCUA said in a statement accompanying release of the video. “Solid job growth and falling unemployment rates point to continued strength in loan demand and continued low or falling delinquency rates.”
“Most economic analysts project that, if the economy continues to improve, the Federal Reserve will raise short-term interest rates before the end of the year, with more increases likely in 2016,” NCUA said, urging CUs to visit its interest rate risk resource page.