Newsroom
June 16, 2017
CUEG members discuss economic trends at A.C.
Credit union leaders and staff flocked to hear members of the Credit Union Economics Group deliver their best take on what key trends are affecting the industry during a Thursday panel discussion at NAFCU's Annual Conference in Honolulu.
The credit union attendees, estimated at more than 200, heard from Curt Long, NAFCU's chief economist and director of research; Fred Eisel, chief investment officer for Vizo Financial Corporate Credit Union; and Scott Knapp, CFA, of CUNA Mutual Fiduciary Consultants.
Long talked to the group about the past year's developments in key economic indicators, including gross domestic product. Last reported at 1.2 percent (first quarter), GDP is expected to resume growing, with Long projecting growth approaching 2 percent by year-end.
Eisel discussed the yield curve and how that's expected to affect credit unions' and members' decisions in where they invest their funds. He noted that earlier expectations of Federal Reserve rate increases set the stage for accelerating growth in yields and tightening liquidity. The impact of the Fed's plans to reduce the size of its balance sheet is less certain.
Knapp talked about increased volatility in financial markets – specifically, the Trump effect. He noted strong investor expectations amid the new administration's early moves toward tax and health care reform but noted sustained effects will depend on how much progress is made on those issues. Looking back, Knapp said Trump's election was the biggest influence on recent market activity.
The credit union attendees, estimated at more than 200, heard from Curt Long, NAFCU's chief economist and director of research; Fred Eisel, chief investment officer for Vizo Financial Corporate Credit Union; and Scott Knapp, CFA, of CUNA Mutual Fiduciary Consultants.
Long talked to the group about the past year's developments in key economic indicators, including gross domestic product. Last reported at 1.2 percent (first quarter), GDP is expected to resume growing, with Long projecting growth approaching 2 percent by year-end.
Eisel discussed the yield curve and how that's expected to affect credit unions' and members' decisions in where they invest their funds. He noted that earlier expectations of Federal Reserve rate increases set the stage for accelerating growth in yields and tightening liquidity. The impact of the Fed's plans to reduce the size of its balance sheet is less certain.
Knapp talked about increased volatility in financial markets – specifically, the Trump effect. He noted strong investor expectations amid the new administration's early moves toward tax and health care reform but noted sustained effects will depend on how much progress is made on those issues. Looking back, Knapp said Trump's election was the biggest influence on recent market activity.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.