When it comes to managing their balance sheets, credit unions should keep the notion of change in mind.
Federal Reserve chairman says an increase will be considered at some point on a meeting-by-meeting basis.
The March meeting of the FOMC will be critical to its communications with the public on interest rates.
Financial analyst says rate lift of any kind may still be months away.
Economic experts disagree that the Fed is on the right track.
Despite no measurable economic improvement, the FOMC says it will slow asset purchases to control inflation. Rates may rise sooner than expected.
Credit unions should take NEV caution since the sole source of capital stability and growth is net income.
May's 6.3% unemployment rate is no improvement over April. The rate has declines 1.2% in 12 months.
"While there has been substantial job creation, we have further to go," new Fed chairwoman tells House Financial Services Committee.
Would members pay to make deposits to their credit union share accounts?