Bill Hampel is Chief Economist and Senior Vice President of Research and Policy Analysis of the Credit Union National Association (CUNA), the largest and most influential national trade association advocating for America's credit unions. There are nearly 6,700 credit unions nationwide, with about 100 million members and almost $1.1 trillion in assets.
Bill served as Interim President/CEO of the association from June to September 2014. He is one of the longest tenured executives of CUNA, having joined the association as economist in 1978. He was promoted to Chief Economist in 1985, and to senior vice president of research and policy analysis in 1992. He transferred from CUNA's Madison office in 1997, and since then has been a senior member of CUNA's advocacy team.
Bill is an expert on the economy and credit union issues, and is regularly interviewed by the media for stories appearing on major national television, radio and print outlets. He has also testified before Congress about a number of key credit union issues. Bill served as a staff member at Navy Federal Credit Union in Virginia during a one-year sabbatical in 1989, where he studied credit union operations and carried out a variety of consulting projects.
He was on the board of directors for CUNA Credit Union (now Summit Credit Union) from 1991 to 2003, serving as board chair from 1999 to 2001. From 2004 to 2011 he served on the board of the National Cooperative Bank, which supports America's cooperatives and their members, especially in low-income communities, by providing innovative financial and related services.
Hampel is a member of the American Economic Association and the National Association for Business Economists and holds a doctorate in economics from Iowa State University. He and his wife Diane live in Alexandria, VA and have two children: Alan, a credit union loan officer; and Vonnie, a Congressional staffer.
The Wall Street Journal
Consumers’ Credit Card Balances Decline
The uncertainty caused by Washington gridlock could cause overall credit growth to ease, especially if a prolonged debt ceiling fight makes consumer skittish about financing cars, appliances and other long-lasting goods, said Bill Hampel, chief economist at the Credit Union National Association.“Consumers have the ability and need to replace big-ticket items, but it’s also really easy to postpone those purchases for a couple of months if they get nervous,” he said.
Weekly Jobless Claims: The Numbers Behind the Numbers #Hounews
Today’s weekly jobs report is a bit of an anomaly because of a flawed sample, but there’s more behind the numbers than first meets the eye. Two states’ computer glitches are preventing The Labor Department from generating a complete report on last week’s jobless benefits claims, clocking-in at just 31,000. But there remains a troubling trend in earlier weeks’ reports, according to Bill Hampel, Chief Economist for the Credit Union National Association. “These numbers are usually very difficult to interpret on a weekly basis, or at least, must be taken with a grain of salt on a weekly basis, because they’re usually quite volatile,” he says. “What also counts is how many jobs are being added.”
The Washington Post
Stocks Go Weak Following Strong Economic Reports
“The stock market will recover from its concerns about the Fed tapering,” said Bill Hampel, chief economist at the Credit Union National Association. “In the long term, the stronger the economy, the better it is for everyone, including the stock market.”
Big Banks, Credit Unions Approve More Smaller Business Loans
In June, Credit Union National Association chief economist Bill Hampel questioned whether Biz2Credit’s research reflected the true state of credit union lending, pointing to research showing that credit unions made $3.9 billion in business loans in the first quarter of 2013, up from $3.1 billion in the same quarter of the previous year.
June Jobs Report: Hiring Beats Expectations
"Investors are beginning to believe that the economy actually may be strong enough to grow without the extreme monetary support," said Bill Hampel, chief economist at the Credit Union National Association. "When will we finally get back to the day when good news for the economy is taken as good news by the stock market? It looks like we might finally be there."
First Take: As Job Gains Grow, Optimism Rises
As Wall Street has gyrated lately, Main Street economist Bill Hampel has watched with a bemused smile. Trade on, brethren. To the chief economist of the Credit Union National Association, the economy looks pretty steady and Friday's jobs report looks like more of the same — or a little better.
Are Credit Unions Saying No to More Small Businesses?
Bill Hampel, chief economist at the Credit Union National Association, which lobbies for the industry, questioned whether the Biz2Credit index reflected the true state of credit union lending. “A lot of small business lending is relationship-based and requires local knowledge,” he says, noting that Biz2Credit’s online platform might not offer a fully representative sample of credit union loan applications. While credit unions don’t report approval rates, says Hampel, data published by the National Credit Union Administration show that credit unions made $3.9 billion in business loans in the first quarter of 2013, up from $3.1 billion in same quarter a year ago.