Questions remain about the economic outlook visualized with question marks on top of a $100 bill.. Credit/Shutterstock

CUNA said it expects the economy will cool down in the second half of the year, as interest rates rise and loan growth slows. But the chances of a recession through 2024 are becoming more remote.

CUNA’s latest forecast also showed credit union asset growth slowing through the end of the year. That in turn would help credit unions keep ROA better than it would otherwise be for the year, despite the other bad news.


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.