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Articles by Mike Schenk
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.Read More
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.Read More
CUs need it, regulators support it, and legislation has been introduced.
April 22, 2013
Credit unions want—and need—capital reform. The time is nowRead More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More