SAN DIMAS, Calif. — Despite gloomy forecasts about the economy and continued sub-prime fallout, executives attending yesterday’s Southern California/Arizona CUES council event yesterday had something to cheer about: predictions of a return to a steep yield curve.

When Bob Burrell, WesCorp’s executive vice president/chief investment officer, told the CUES crowd they might see loan yields return to spreads as high 200 basis points, he literally drew cheers. Burrell said he expects the Fed rate to drop to around 2.5% and stay there for most of the year, but he wouldn’t be surprised to see it drop to 2%.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.