Last week, 700,000 Department of Defense civilian employees began taking once-a-week furlough days that will cut their pay by roughly 15%. How will the temporary pay cuts affect credit unions?
Two percent of FCUs are military-based but they represent 21% of FCU assets and may feel the pinch of federal furloughs.
Economic analysis and derivative talk, including interest rate swaps and caps, discussed by agency officials.
The NCUA on Thursday released its May economic update on the agency’s official YouTube channel.
Chief Economist John Worth discusses how credit union performance could vary under alternative economic scenarios this year.
Video update includes Chief Economist John Worth's advice that credit unions need to remain vigilant.
Industry economists agree that if the U.S. plunges off the fiscal cliff Dec. 31, credit unions probably won’t see any ill effects right away. However, even if a so-called grand bargain is reached between Democrats and Republicans, credit unions could see the loan growth momentum gained this year grind to...
Lending, liquidity and tax exemption are three areas where the search for the Grand Bargain could impact credit unions.
Financial impact of Sandy still coming, NCUA Chief Economist Says
An explanation of the September unemployment rate and the effect the so-called fiscal cliff are explained on the monthly NCUA economic video update.