By Donya Parrish, MCU VP- Risk Management
Is the U.S. heading into an economic recession? Will the Federal Reserve continue to raise rates before the end of the year? What impacts will rates and demand have on the housing and auto loan markets? The economy is on the minds of consumers, including your credit union’s members, so it is important to keep up on how the forecast impacts your institution’s strategic plans.
The monthly CUNA Economic Update is an excellent source for industry-specific highlights on the economy from a credit union perspective. I encourage you to take the time to listen to the most recent release, and consider adding it to your monthly board meetings as a way to stay on top of the economic news.