Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CU savings flow a mixed bag says CUNA
WASHINGTON (10/15/08)—Credit Union National Association (CUNA) Chief Economist Bill Hampel predicted Tuesday that credit unions, overall, will start seeing a marked influx of share deposits by next year. To date, he said, CUNA economists have not seen a “huge flight” of savings to credit unions as a result of the country’s economic turmoil. “As many credit unions have said that they have experienced greater than normal savings growth in the last six weeks as have said they have had weaker savings growth,” Hampel reported. He said the same can be said of credit union experience on the lending side of the business. However, the CUNA economist added that he predicts that over the next year, credit unions overall will see a substantial deposit increase because consumers won’t be spending as much and will be trying to build up their savings.
Other Resources

RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
15 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
15 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
18 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
18 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
20 hours ago