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PLANO, Texas — Feeling pessimistic about the financial future? According to Southwest Corporate Federal Credit Union’s latest CEO confidence index, you’re not alone. The overall index fell for the fifth consecutive quarter, with July 2008 confidence down 22 points from last year, to only 17.77.

The report measures credit union CEOs’ feelings on the financial condition of the credit union and its members today and six months from now, as well as expectations for loan demand and share deposit growth in six months.

CEO assessment of members’ current financial condition dropped more than six points from last quarter, but outlook figures six months from now were even more gloomy, registering below zero (negative 4.85) for the first time since the survey’s inception nearly five years ago.

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