Video Reviews Economic Indicators and Corporate Credit Union Developments
ALEXANDRIA, Va. (June 22, 2012) – The National Credit Union Administration (NCUA) released the agency’s economic update for June today. The latest installment in the free monthly “YouTube” video series covers how economic trends are likely to affect credit unions and provides an update about the status of the corporate credit union system.
The June analysis by NCUA’s Chief Economist John Worth reviews recent economic indicators and events. The video also explains what these developments might mean for credit unions, including the effects of changes in housing markets, employment rates, new construction starts, and consumer purchases.
NCUA’s June economic update video also features a ten-minute interview with David Shetler, the Deputy Director in NCUA’s Office of Corporate Credit Unions. The conversation highlights recent developments in the corporate credit union sector, provides a general outlook about where the sector is going, and explains what these developments will mean for consumer credit unions.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.