A former economic adviser to the Secretary of Commerce said the increased production of natural gas and oil from shale, along with renewable energy sources such as wind, are expected to create jobs and bring loan demand and member deposits with them.

“As production of shale in the U.S. increases, dependence on energy from other countries will be reduced, adding jobs and contributing to economic growth,” said Kathleen Cooper in a release from the $2.65 billion Catalyst Corporate FCU.

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