June 12, 2014

Long talks capital reform, membership growth

June 13, 2014 – NAFCU Senior Economist Curt Long highlighted that member growth at credit unions continues at its highest level in more than decade during Thursday's quarterly economic update webcast, where he also warned credit unions about upcoming risks, including capital reform.

Carrie Hunt, NAFCU's senior vice president of government affairs and general counsel, joined Long on the webcast. She noted the work NAFCU's economic team has done in regards to capital risk and touted the association's risk-based net worth calculator for members, which allows credit unions to substitute their own weights and see the effects of NCUA's risk-based capital proposal.

Also during the webcast, Long took credit union attendees through how the economy has performed over the last quarter and what effect that has had on credit unions, as well as economic trends facing the industry in the near future. He focused on key metrics such as membership growth, return on assets, loan delinquencies and mortgage lending.

Long also discussed the various research reports NAFCU's economic team provides to members, including the CU Performance Benchmark, CU Industry Trends, Economic & CU Monitor and Macro Data Flash reports.

NAFCU's webcasts are available on-demand for a year after the broadcast.