Go to:

April 2019
< Mar May >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

July NCUA Economic Update Now Available
Tuesday, July 30, 2013 5:40 AM

The National Credit Union Administration has released its latest “YouTube” economic update video.

In the July update, NCUA Chief Economist John Worth discusses the latest economic data and provides his views on how the evolving interest-rate environment and changes in the yield curve may affect the financial performance of credit unions in the future. He also notes the interest-rate environment has shifted. Worth indicated that this steepening of the yield curve can support credit union profitability, but also has resulted in a sharps drop in refinancing activity.

“We have entered a period where increases in rates will be concentrated in long rates such as the 10-year Treasury, while short rates are likely to remain around their current levels,” Worth said.

The next phase of rate adjustment will likely result in a rising in short-term rates and a flattening of the yield curve, and the second phase is likely to be a challenging period for credit unions, according to Worth.

NCUA’s economic update video series is an ideal resource for credit union board members, loan officers and management and is available on NCUA’s official YouTube Channel at no charge.