The Fed also predicted the interbanking lending rate will reach 1% by next year, up from the current 0.25% target.
NCUA Chief Economist John Worth talks about economic recovery and its effect on interest rate risk in new video.
LAS VEGAS — See more photos from NAFCU's annual event.
While economists predict big loan gains this year, credit union leaders remain cautious.
NCUA Chief Economist John Worth discusses loan growth, credit unions and regulation.
Credit unions say NCUA examiners are pressuring them to keep long-term fixed assets below 35% of total assets, sacrificing income.
Pressured by NCUA examiners and concerned about interest rate risk, credit unions shed mortgages and other fixed rate assets, giving up income.
Although mergers completed in 2013 decreased from 2012, NCUA Economist John Worth said the pace hasn't changed much since 2000.
Credit unions and examiners often disagree on how to manage interest rate risk.
Experts say rising rates themselves aren't the problem; it's the spread that matters.