February 06, 2014

Carrier, Demangone talk CU membership, loan growth in webcast

In a quarterly economic webcast for members, NAFCU Chief Economist and Director of Research David Carrier and Executive Vice President and COO Anthony Demangone joined to discuss recent trends like positive membership growth and loan growth within the credit union industry.

Carrier said current economic trends look "really good for credit unions," pointing out that "member growth is stronger than it's been in over a decade" and that loan growth has been strong as well. He also highlighted credit unions' business lending efforts. "Throughout the recession, credit unions were still making loans to businesses," he said.

Carrier and Demangone touched on other key industry trends, including:

  • net worth and net worth ratios;
  • loan delinquency rates;
  • mortgage lending trends;
  • credit union member benefits; and
  • the Federal Reserve's quantitative easing exit plan and key economic risks.

Watch the "Quarterly Economic and Credit Union Outlook Webcast" now. (Login required.)