NCUA Video: Economic Update Posted by AVCU on 10:44 AM

NCUA has posted its video based economic update. The April segment reviews how an improving economy will likely affect credit unions. The video also details how credit unions can access useful economic data on NCUA’s website. The update is presented by John Worth, NCUA's chief economist. Worth reports that “continued improvement in key economic indicators is good news for credit unions. Falling unemployment and stronger consumer spending will likely help credit unions’ bottom lines in 2012. Credit unions also could expect to see increased deposits, fewer delinquencies and charge-offs, and increased loan demand. While the modestly improving economy will help credit unions, the outlook has risks, too. Credit unions need to account for the surge in crude oil and gasoline prices, and reemerging risk in Europe.”