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Savings, Fixed Mortgages Give Credit Unions Encouraging Economic News

CUNA's updated economic report shows other lending areas are taking a significant and negative hit as the pandemic continues.

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The coronavirus floating on top of downward economic charts. Source: Shutterstock.

CUNA officials have continued to downwardly revise economic projections for credit unions in 2020, for the most part, as the coronavirus has surged again in many parts of the country.

According to the most recent “CUNA Economic and Credit Union Forecast” report, economists appeared to accept the need for a COVID-19 vaccine before the economy can get back into positive territory.

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

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