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Reducing economic expectations for the year. Reducing economic expectations for the year. (Source: Shutterstock)

CUNA on Friday said that it has again cut its forecast for 2019 credit union loan growth as it expects U.S. economic growth to diminish in the coming year.

In the CUNA Economic Outlook video recorded last week, CUNA Senior Policy Analyst Samira Salem credit union loan portfolios are expected to rise 7.5% this year, down from its previous forecasts of 7.75% in April and 8% last fall. April forecast of 7% growth for 2020 remains.

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Jim DuPlessis

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