NCUA chief economist said higher rates have decreased mortgage loan activity.
NCUA Chief Economist said rates have impacted mortgage loan volume and investment values.
During the first half of 2013, the NCUA approved 132 credit union mergers, up from 114 mergers approved as of June 30 last year, according to the NCUA’s Insurance Report of Activity.
The NCUA on Monday released its economic update video for July, with this month’s focus on yield curve in improving economy.
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.