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DALLAS – The third installment of Southwest Corporate FCU’s latest CEO Confidence Index is out and credit union CEOs are more confident about the direction of the economy since the beginning of the year, but they are less optimistic looking six months out about the impact of the economy on their credit unions. The Credit Union CEO Confidence Index is now set at 47.40- with 100 (positive) and 0 (neutral) and -100 (negative) – up from 42.86 at the start of the year. The survey results are based on a 30% response rate from the 493 CU CEOs who received the survey. The index for CEOs’ expectations of financial condition six months from now dropped from 68.21 in April to 67.83 in late June. CEOs also believe share deposit growth is going to slow, with that index going from 40.36 in April to 26.75 in late June.

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