5/3/12 - The Credit Union Economics Group releases First Quarter 2012 Consensus Forecast (PDF Format)

4/6/12 - Credit Union Economics Group announces Press Release for CUEG meeting with the Board of Governors of the Federal Reserve (PDF Format).  The CUEG members met with Vice Chair Janet Yellen to provide a credit union perspective on current consumer financial activities.

3/30/12 - The Credit Union Economics Group releases the Spring 2012 Regional Report (PDF format).

1/30/12 - The Credit Union Economics Group releases Fourth Quarter 2011 Consensus Forecast (PDF Format)

10/28/11 - CUEG Welcomes New Member (PDF Format) First Carolina Corporate CU's Fred Eisel, VP and Chief Investment Officer, joins CUEG

10/20/11 - The Credit Union Economics Group releases Third Quarter 2011 Consensus Forecast (PDF Format)

Credit Union Economics Group releases Fall 2011 Regional Report  (PDF format).

6/30/11 - The Credit Union Economics Group, represented by Tun Wai and David Colby, spoke about the CUEG forecast (2nd quarter release) and how credit unions are faring in a slowly recovering economy at NAFCU's 44th Annual Conference and Exhibition. Also on the panel discussion was John Worth, Chief Economist, NCUA. To see the presentation, click here.

The Credit Union Economics Group releases Second Quarter 2011 Consensus Forecast (PDF Format)

4/12/11 - Credit Union Economics Group announces Press Release for CUEG meeting with the Philadelphia Federal Reserve (PDF Format).  The CUEG members met with Philadelphia Federal Reserve President Charles Plosser to provide a credit union perspective on current consumer financial activities.

Credit Union Economics Group releases Spring 2011 Regional Report  (PDF format). 

The Credit Union Economics Group releases First Quarter 2011 Consensus Forecast (PDF Format)

3/04/11 - CUEG Welcomes New Member (PDF Format) Nevada FCU's Paul Parrish, EVP and CUSO Chairman, joins CUEG.

2/15/11 - The Credit Union Economics Group releases Fourth Quarter 2010 Consensus Forecast (PDF Format)

11/2/10 - The Credit Union Economics Group releases Third Quarter 2010 Consensus Forecast (PDF Format)

7/22/10 - The Credit Union Economics Group, represented by Tun Wai and David Colby, spoke about the CUEG forecast (2nd quarter release) and credit union sustainability in a recovering economy at NAFCU's 43rd Annual Conference and Exhibition. Also on the panel discussion was John Kutchey, Deputy Director, NCUA Office of Examination and Insurance. To see the presentation, click here.

The Credit Union Economics Group releases Second Quarter 2010 Consensus Forecast (PDF Format)

4/14/10 - Credit Union Economics Group announces Press Release for CUEG meeting with the New York Federal Reserve (PDF Format).  The CUEG members met with New York Federal Reserve President William Dudley to provide a credit union perspective on current consumer financial activities.

Credit Union Economics Group releases Spring 2010 Regional Report  (PDF format). 

The Credit Union Economics Group releases First Quarter 2010 Consensus Forecast (PDF Format)

10/27/09 - The Credit Union Economics Group releases the Fall 2009 Regional Report and the Third Quarter 2009 Consensus Forecast (PDF Format)

9/28/09 - CUEG Welcomes New Member (PDF Format) America First CU's Glen Olpin, Vice President, Treasurer and Chief Economist, joins CUEG.

7/24/09 - The Credit Union Economics Group, represented by Tun Wai, spoke about the CUEG forecast (2nd quarter release) and how credit unions are weathering the current economy at NAFCU's 42nd Annual Conference and Exhibition. Also on the panel discussion was John Kutchey, Deputy Director, NCUA Office of Examination and Insurance. To see the presentation, click here.

The Credit Union Economics Group releases Second Quarter 2009 Consensus Forecast (PDF Format)

4/16/09 - Credit Union Economics Group announces Press Release for CUEG meeting with the Atlanta Federal Reserve (PDF Format).  The CUEG members met with Atlanta Federal Reserve President Dennis Lockhart to provide a credit union perspective on current consumer financial activities.

Credit Union Economics Group releases Spring 2009 Regional Report  (PDF format).  All regions cited NCUA's corporate stabilization program as a concern for the upcoming year. There is a lot of uncertainty surrounding the timing of the events and the recognition of the losses. However, credit unions are still focused on their number one priority: serving members. Credit unions are offering new loan products and also increasing their business loan portfolio balances with higher credit quality borrowers as banks become hesitant to make credit available.

Credit Union Economics Group releases First Quarter 2009 Consensus Forecast (PDF Format)

4/1/09 - CUEG Welcomes New Member (PDF Format) Bank-Fund Staff FCU's Frank Vassallo, CFO, joins CUEG.

3/9/09 - CUEG Welcomes New Member (PDF Format) Georgia Central's Cory Johnston, CIO, joins CUEG.

2/9/09 - Credit Union Economics Group announces the release of the CUEG fourth quarter forecast (PDF Format). 

10/24/08 - Credit Union Economics Group announces Press Release for CUEG third quarter forecast (PDF Format).  The CUEG economists forcast continued economic deterioration. Experts say that the US is in a recession, however, opportunities prevail for credit unions.

Credit Union Economics Group releases Fall 2008 Regional Report  (PDF format).  Most regions cited liquidity and competition with large banks as challenges for the upcoming year. However, despite economic concerns, credit unions are still financially sound and showing strong asset quality.

Credit Union Economics Group releases Third Quarter 2008 Consensus Forecast (PDF Format)

7/14/08 - Two members of the Credit Union Economics Group spoke about their thoughts how credit unions are weathering the current economy during a panel discussion at NAFCU's 40^th Annual Conference and Exhibition.  To see their presentation, click here.

6/17/08 - CUEG Welcomes New Members (PDF Format)

Terrin Griffiths, Economist and Industry Analyst of the California and Nevada Credit Union Leagues, and Sam Inman, Chief Financial Officer of Community First Credit Union of Florida have joined CUEG.

4/16/08 - Credit Union Economics Group announces Press Release for CUEG meeting with the San Francisco Federal Reserve (PDF Format).  The CUEG members met with San Francisco Federal Reserve President and CEO Janet Yellen to discuss credit unions and recent trends in the movement.

Credit Union Economics Group releases Spring 2008 Regional Report  (PDF format).  The CUEG members have a cautious outlook for the future as they anticipate more competition from banks and further increases in bankruptcies and defaulted loans. Regardless of the current economic downfalls, credit unions in all regions remain financially sound.  FICUs’ primary concern will be to continue the education of their members about financial topics so they may build or maintain their credit integrity.

Credit Union Economics Group releases First Quarter 2008 Consensus Forecast (PDF Format)

2/4/08 - Credit Union Economics Group releases Fourth Quarter 2007 Consensus Forecast (PDF format).

11/28/07 - CUEG Welcomes New Member (PDF Format)

Dwight Johnston, Vice President of Economic and Market Research for Western Corporate Federal Credit Union, has joined CUEG.

10/31/07 - Credit Union Economics Group announces its Press Release for the Fall 2007 Regional Report  (PDF format).  The CUEG members are modestly pessimistic about the overall economic growth for 2007 and 2008 due to continued corrections in the housing market and rising energy prices.

FICU share growth (4.8 percent) is on pace to exceed loan growth (2.4 percent) for the first time in six years in 2007.  Tightening net interest margins are a primary concern in most regions.  Download the Fall 2007 Regional Report (PDF format) here.

Credit Union Economics Group releases Third Quarter 2007 Consensus Forecast (PDF format).

7/23/07 - Six members of the Credit Union Economics Group spoke about challenges and solutions for issues facing today's credit unions during a panel discussion at NAFCU's 40^th Annual Conference and Exhibition.  To see their presentation, click here.

7/13/07 - Credit Union Economics Group Releases Second Quarter 2007 Consensus Forecast (Press Release)  (PDF Format)

Follow the link to the Second Quarter 2007 Consensus Forecast (PDF format), produced by the Credit Unions Economics Group.

5/2/07 - CUEG Welcomes New Member (PDF Format)

Eli Vazquez, Senior Vice President and Chief Financial Officer of American Airlines Credit Union, has joined CUEG.

4/26/07 - Credit Union Economics Group announces Press Release for CUEG meeting with the Dallas Federal Reserve (PDF Format).  The CUEG members met with Dallas Federal Reserve President and CEO Richard Fischer to discuss credit unions and recent trends in the movement.

4/25/07 - Credit Union Economics Group Releases Spring 2007 Regional Report (PDF Format)

Credit Union Economics Group Releases First Quarter 2007 Consensus Forecast (PDF Format)

2/12/07 - Credit Union Economics Group Releases Fourth Quarter 2006 Consensus Forecast (Press Release)  (PDF Format)

Follow the link to the Fourth Quarter 2006 Consensus Forecast (PDF format), produced by the Credit Unions Economics Group.

11/15/06 - Credit Union Economics Group releases its latest  Regional Report (Press Release) (PDF format).

FICU loan growth (4.0 percent) is on pace to exceed share growth (2.8 percent) for the sixth consecutive year in 2006.  Download the Fall 2006 Regional Report here.

Credit Union Economics Group releases Third Quarter 2006 Consensus Forecast (PDF format).

7/17/06 - Credit Union Economics Group Releases Second Quarter 2006 Consensus Forecast (PDF Format)

7/13/06 - Five members of the Credit Union Economics Group spoke about their thoughts on issues related to the general economy, credit union liquidity, membership growth trends, and regulatory costs during a panel discussion at NAFCU's 39^th Annual Conference and Exhibition.  To see their presentation, click here.

4/19/06 - Credit Union Economics Group releases its latest Regional Report (Press Release) (PDF format).

Members of the Credit Union Economics Group provided an overview of credit unions' consumer finance role in a meeting with William Poole, President/CEO of the Federal Reserve Bank of St. Louis.  Among the topics discussed during the session were: lending trends and consumer finance; credit unions’ balance sheet performance; risk mitigation practices and the group’s economic outlook.  During the meeting CUEG released its latest Regional Report.  Download the Spring 2006 Regional Report here.

4/18/06 - Credit Union Economics Group Releases First Quarter 2006 Consensus Forecast (PDF Format)

1/31/06 - Economists cautiously optimistic for 2006 - Credit Union Economics Group is more upbeat than Fall's post-hurricane outlook.  

1/20/06 - Credit Union Economics Group Releases Fourth Quarter 2005 Consensus Forecast (PDF Format)

Follow the link to the Fourth Quarter 2005 Consensus Forecast (PDF format), produced by the Credit Unions Economics Group.

12/14/05 - CUEG Welcomes New Member (PDF format)

Kendrick Smith, Vice President and Chief Investment Officer of Eastern Financial Florida Credit Union, has joined CUEG.

10/11/05 - Credit Union Economics Group releases its latest Regional Report (PDF format).

Tightening liquidity, rising inflation, and Katrina / Rita effects highlight this Fall 2005 Regional Report. 

9/20/05 - Credit Union Economics Group discuss Hurricane Katrina, Aggressive Pricing Strategies and the Rising Cost of Funds (PDF format) at WesCorp's Credit Union Outlook 2006 in Las Vegas, NV.

On Tuesday, Bob Burrell, Jeffry Taylor and Scott Mainwaring of the Credit Union Economics Group discussed hurricane Katrina's near and long-term effects as well as the rising cost of funds.  Also included was the CUEG's Third Quarter 2005 Consensus Forecast (PDF format).  

8/10/05 - Credit Union Economics Group Releases Second Quarter 2005 Consensus Forecast (PDF Format)

Follow the link to the Second Quarter 2005 Consensus Forecast (PDF format), produced by the Credit Unions Economics Group.

7/14/05 - Credit Union Economics Group Asseses Housing Prices, Liquidity, and Indirect Lending at NAFCU's Annual Conference in Las Vegas, NV.

On Thursday, Bruce Beaudette, Steve Brewer, Bob Burrell, Dave Colby, and Tun Wai of the Credit Union Economics Group assessed the current state of housing prices, liquidity and indirect lending during a panel discussion at NAFCU’s 38^th Annual Conference and Exhibition.  To see their presentation, click here.     

4/12/05 - Credit Union Economists Meet with Kansas City Fed and Discuss Spring 2005 Regional Report

Today, members of the Credit Union Economics Group provided an overview of credit unions' consumer finance role in a meeting with Thomas M. Hoenig, President/CEO of the Federal Reserve Bank of Kansas City.  Among the topics discussed during the session were: lending trends and consumer finance; credit unions’ balance sheet performance; risk mitigation practices and the group’s economic outlook.  During the meeting CUEG released its latest Regional Report, an update of the information released last October.  

2/18/05 - CUEG Upbeat about 2005 Economy

Economy expected to grow at 3.8%, though liquidity is a concern, according to the 2005 Consensus Forecast, produced by the Credit Unions Economics Group.

12/13/04 - CUEG Welcomes New Member

Steve Brewer, Chief Financial Officer of Macomb Schools and Government Credit Union, has joined CUEG.

10/29/04 - Credit Union Economists Meet with Richmond Fed and Discuss Fall 2004 Regional Report

Earlier this week members of the Credit Union Economics Group provided an overview of credit unions' consumer finance role in a meeting with John A. Weinberg,  Vice President and Acting Director of Research of the Federal Reserve Bank of Richmond.  During the meeting CUEG released its latest Regional Report, an update of the information released last April.

7/30/04 - Experts Say Policy-Based Economic Recovery Shifting to One of Self-Sustaining Growth

Credit unions can expect continued economic expansion in 2004 and 2005, according to the July 2004 Consensus Forecast, produced by the Credit Union Economics Group.

7/15/04 - Credit Union Economics Group Delivers Industry View of Economy at NAFCU's Annual Conference

Bob Burrell, Dave Colby, Scott Mainwaring and Tun Wai of the Credit Union Economics Group offered an upbeat assessment of the economy, shared their views on regional and consumer finance issues and balance sheet strategies during a breakout session at NAFCU’s 37th Annual Conference & Exhibition.  Click here to see their presentation.

6/18/04 - CUEG to Form Panel Discussion at NAFCU's 37th Annual Conference and Exhibition 

Bob Burrell, Dave Colby, Scott Mainwaring and Tun Wai of the Credit Union Economics Group will discuss the economy and its impact on credit union operations on July 15, 2004 from 3:15 p.m. to 4:30 p.m. during the National Association of Federal Credit Union's 2004 Annual Conference and Exhibition in Vancouver, British Columbia, Canada.

4/7/04 - Credit Union Economists Meet with San Francisco Fed and Discuss Spring 2004 Regional Report

Earlier this week members of the Credit Union Economics Group provided an overview of credit unions' consumer finance role in a meeting with Robert Parry, President/CEO of the Federal Reserve Bank of San Francisco.  During the meeting CUEG released its latest Regional Report, an update of the information released last October.

4/7/04 - Economics Group Foresees Solid Growth through 2004 and into 2005

Members of the Credit Union Economics Group are forecasting credit unions to increase their lending as well as anticipating a higher fed funs rate and lower unemployment in their April 2004 Consensus Forecast.

1/28/04 - Robust Economic Activity Expected to Continue in 2004

The Credit Union Economics Group expects credit unions to experience a pick-up in loan growth and a slow-down in share growth in their January 2004 Consensus Forecast.

11/14/03 - CUEG Releases Fall 2003 Regional Report

The Credit Union Economics Group details current economic conditions across the country in its Fall 2003 Regional Report, an update of the Spring Report released last April.

10/31/03 - Outlook for 2003 Continues to be More Positive

In their October 2003 Consensus Forecast, the Credit Union Economics Group continues to predict economic gains for the rest of this year and into 2004. 

8/1/03 - Credit Union Economists See Modest Economic Gains for 2003

The Credit Union Economics Group released its July 2003 Consensus Forecast.  The industry's leading economists report that credit unions can expect a modest pick-up in the economy for the remainder of 2003 and into 2004.

5/7/03 - CUEG Adds New Member

Bruce M. Beaudette, President and CEO of Sunmark Federal Credit Union, has become the newest member of the Credit Union Economics Group.  Mr. Beaudette also serves as Chairman of the Board of Empire Corporate Credit Union and has been working in the credit union community since 1980.  

4/4/03 - CUEG Meets with the Federal Reserve Board 

On April 4, CUEG members met with Federal Reserve Board Governor Mark Olsen to discuss recent economic and financial trends affecting credit unions. In addition, the CUEG members highlighted the important role of credit unions in providing consumer financial services.