NCUA Economic Update Series Returns with New Look, Outlook

Video Reviews Potential for Rise in Interest Rates and Implications for Credit Unions

ALEXANDRIA, Va. (Oct. 19, 2015) – Despite some loss of momentum in the third quarter, forecasters expect the U.S. economy to grow moderately over the next 18 months and for the unemployment rate to continue to decline, according to a new Economic Update video released today by the National Credit Union Administration. If forecasts are accurate, analysts project that the Federal Reserve will raise short-term interest rates later this year or in 2016.

The latest video in the agency’s Economic Update YouTube series is available online here.

For many credit unions, interest rates remains a wildcard and a potential challenge to credit union managers says NCUA Chief Economist Ralph Monaco. And, he notes there is a lot of uncertainty in the interest rate outlook.

“It is important for credit union managers and boards to understand what might happen to net income and balance sheets under a variety of interest rate scenarios,” said Monaco. “Those scenarios might include sharp increases across the maturity spectrum, a rise in short-term rates relative to long-term rates, and no significant changes to either short- or long-term rates.” 

The video also reviews recent developments in the housing market and employment sector as well as their potential impact on credit unions.

NCUA’s economic update video series is an ideal information resource for credit union board members, loan officers and management and is available on NCUA’s YouTube channel.

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

2 days ago

Remarks by Secretary of the Treasury Janet L. Yellen on the 30th Anniversary of the Community Development Financial Institution Fund

As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…

3 days ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

3 days ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

3 days ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

5 days ago