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NCUA Releases New Economic Analysis

​Latest Economic Video Update Examines Impact of Government Shutdown, Budget Agreement on National Economy

ALEXANDRIA, Va. (Oct. 30, 2013) – The National Credit Union Administration today released a new economic video analysis for federally insured credit unions on the agency’s YouTube channel, https://www.youtube.com/user/NCUAchannel.

In the latest installment in the agency’s Economic Update series, NCUA’s Chief Economist John Worth provides commentary on the effects of the recent partial federal government shutdown and mid-October budget agreement on labor markets, consumer confidence and the interest rate environment.

On the recent fall in long-term interest rates, Worth said, “While interest rates will remain relatively low while growth is weaker than expected, we think this will just be a delay in the ultimate re-adjustment of rates that credit unions need to be planning for.”
 
NCUA’s economic update video series is an ideal information resource for credit union board members, loan officers and management and is available on NCUA’s official YouTube channel.

 



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 U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 98 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..

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National Credit Union Administration

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223 bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"