The NCUA on Friday posted a three-part August economic update video on its YouTube channel, featuring Chief Economist John Worth discussing the economy, the Financial Stability Oversight Committee’s 2012 annual report, and corporate assessments.

In the opening segment, Worth covers labor market developments, housing market improvements, consumer confidence and potential risks to the economy. In the second segment, the economist calls the FSOC’s annual report an “excellent resource for anyone interested in financial markets and institutions,” and highlights two key FSOC recommendations of particular interest to credit unions – the need for improved emergency liquidity planning and access, and how changes in interest rates can affect risk profiles.

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