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SW Corp CEO Confidence Survey Sinks to an All-Time Low

DALLAS - Credit union CEOs aren't flying high over election results, according to Southwest Corporate's CU CEO Confidence Survey, taken the week immediately after the election.

By Heather Anderson | Updated on November 18, 2008

DALLAS – Credit union CEOs aren’t flying high over election results, according to Southwest Corporate’s CU CEO Confidence Survey, taken the week immediately after the election. The index took its greatest plunge from one survey to the next, skidding 14.72 points to its lowest mark-10.50-since it began four years ago.

In the November Special Edition survey, CEOs were pessimistic across the board, also registering the lowest marks in survey history for credit union and for member financial conditions, both now and in six months. Most notable was the substantial decrease in expectations for credit union financial condition and for member financial condition six months from now, each dropping around 22 points. Anticipation for loan demand in six months dropped from the last survey by more than 20 points to zero.

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