About half of polled New York credit union leaders are optimistic about their regional economy and more than 60% anticipate loan growth in 2014, according to a new economic survey from the Credit Union Association of New York in Albany.
Nearly 40% of credit union executives are pessimistic about their regional economy, but only 6.9% anticipate a decline in loan growth while 31.9% expect loan growth to remain the same this year, according to survey results.
The survey breakdown responses showed that 50.7% of credit union executives were somewhat optimistic about their regional economy and nearly 7% were very optimistic. The survey breakdown responses also revealed that 37.3% of credit union leaders were somewhat pessimistic about their regional economy while more than 5% were very pessimistic.
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