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» Mike Schenk
Economy is ‘Recovering, Not Recovered’
Despite good news regarding CU membership, lending, and earnings, some CUs continue to struggle.
October 21, 2013
New-auto lending continues to be a bright spot for many CUs.
Public Debt and GDP
Is the government’s focus on austerity coming at the wrong time?
July 15, 2013
The pace of U.S. economic growth continues to lag long-run norms.
The Time Is Now for Capital Reform
CUs need it, regulators support it, and legislation has been introduced.
April 22, 2013
Credit unions want—and need—capital reform. The time is now
Housing Is Staging a Comeback
CUs have doubled their share of mortgage originations in less than a decade.
January 6, 2013
Home sales are expected to rise 3% and home prices are expected to rise 2% to 3% in 2013.
Employment Picture a Bit Fuzzy
Bureau of Labor Statistics sends mixed signals about labor market health.
November 1, 2012
There is good and bad news on the economy, says CUNA economist Mike Schenk.
Latest Reports Indicate Slower Recovery
It might take a bit longer to dig out of the Great Recession’s very deep trough.
August 20, 2012
While the economic recovery likely will remain on track, CUNA’s economists now expect marginally slower economic growth.
Back on Track?
Expect modest growth and stronger earnings in the months ahead.
May 1, 2012
CUNA economists recently dusted off their crystal ball. The prognostications probably won’t shock you, but you might be pleasantly surprised.
ROA and the Road to Recovery
While ‘normal’ ratios are still elusive, we’re moving in the right direction.
February 1, 2012
CU earnings took a in third-quarter 2011 due to a hefty corporate stabilization expense, but the days of declining CU ROA likely are behind us.
New Insights on NCUA Assessments
Here’s some good news about corporate losses, stabilization assessments, and insurance premiums.
November 14, 2011
"Consternation" is a good word to describe CUs' reaction to NCUA's corporate stabilization assessments and insurance premiums.
Q2 Financials Inch Higher
CUs can expect only modest improvements in financial and operating results through 2012.
October 10, 2011
The jobless recovery lumbers on, with incremental shifts in the economic outlook.
View All Articles by Mike Schenk
Credit Union Magazine
December 2013 digital edition
Making an Impact in Motown
League Presidents Pass the Torch
CUs Can Expect Economic Tailwinds
A Look Back With Jeff Post
Survey: Young Credit Card Users are Better Credit Risks
We are looking for a strategic planning facilitator option. Does anyone have a firm or firms that they are willing to recommend?
Good list of five, with room for a 6th, i.e., avoid cheerleaders as directors. When it comes time for a constructive critical thoughts to be raised by senior governance directors, cheerleaders add no value other than making themselves feel valuable because of 'feel good' fairy dust they want to sprinkle over everything said and everything done. That's not Governance, that's Cheerleading, and it requires a change of uniform and a change of title.
Great advice Barry! -Mary Ann Schlung Colorado Credit Union
I had the pleasure to attend this year conference. Josh was dynamic speaker. Love the "why" message.
Amen, Amen, Your financial well being has a lot to do with the time of your birth. I used to envie those guys at Employers Insurance who came home from WWII and stepped right into a growing economy full of opportunities. Never gave much thought tot he fact that their "opportunities" occurred because they had survived the Depression and hadn't been among those killed in action in the Great War. They wer, frankly, in short supply.
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