CU Trade Group Cuts Earnings Forecast for 2024

Economists at America's Credit Unions predict ROA will fall to 0.50% this year with slow share growth.

By Jim DuPlessis | February 23, 2024 at 04:05 PM

Inflation, dollar hyperinflation with black background. One dollar bill is sprayed in the hand of a man on a black background. The concept of decreasing purchasing power, inflation

A forecast released this month by America's Credit Unions shows earnings this year falling to their lowest rate since 2010, the year after the end of the Great Recession.

Continue Reading for Free

Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com

NOT FOR REPRINT

A journalist for decades.

1 Creighton FCU's $13 Million Loss Unexplained

2 7-Plus Years in Prison for Fraud Ringleader Who Stole Millions From Credit Unions

3 6 Career Moves Include the First-Ever Chief People Officer at UFCU in Texas

4 CU Chief Technology Officer's Communication Advice: 'Be Quiet and Listen More'

5 Man Charged With Using Explosives to Burglarize Credit Union & Bank ATMs

Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
More Information
Consulting
Consulting Best Firms to Work For 2024
September 12, 2024 - New York

Consulting Magazine identifies the best firms to work for in the consulting profession.
More Information
GlobeSt. Multifamily Fall 2024
October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information

New CU Name Reflects Growth Into New Markets

By Michael Ogden | August 30, 2024

Santa Clara County FCU is changing its name to Mirastar FCU in October.

New CU Name Reflects Growth Into New Markets

Credit Union Conferences in 2024: An Evolving List

By Natasha Chilingerian | August 30, 2024

More than 45 CU conferences are still to come in 2024 as annual conference season begins in September.

Credit Union Conferences in 2024: An Evolving List

MBA Lowers Commercial Forecasts Through 2025

By Jim DuPlessis | August 30, 2024

Production of loans backed by multifamily housing and other commercial real estate to rise at a slower rate this year and next.

MBA Lowers Commercial Forecasts Through 2025

Streamline SaaS Management, Control Shadow IT & Reduce Wasted Costs link

Case Study

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

Instant Insights /

CU Trade Group Cuts Earnings Forecast for 2024

Continue Reading for Free

Jim DuPlessis

Dig Deeper

Trending Stories