CUNA Mutual Group Chief Economist Dave Colby retires July 11 after 37 years in the credit union industry.
CUNA Mutual Group's latest trends report also says 95% of deposit growth is in liquid accounts.
CUNA Mutual's June report says $2.2 billion added in loan portfolios in April.
SAN FRANCISCO — The sluggish recovery is creating a difficult climate for credit unions for the foreseeable future, economists tell NAFCU attendees.
Even as products such as money market accounts continue to surge, credit unions may see low deposit yields well into and after 2011.
CHICAGO -- There probably won't be a double dip during the recovery but the probability of one has increased because of the slow rate of increase in job growth and in GDP.
Credit unions seem to be gaining new stature in the Federal Reserve system based on new overtures from at least one key district bank, CU officials reported.
The Federal Reserve System seems at last to be acknowledging credit unions as important economic players based on new inquiries about district data, according to NAFCU's top economist.