Articles by Steve Rick
The nation’s $10 trillion housing finance system needs reform, but there’s little agreement about what reform should look like.
March 5, 2014
Reform could have a significant impact on credit union mortgage lending operations and earnings.Read More
The economy is gaining traction in several sectors, according to CUNA's senior economist.
December 5, 2013
With 2014 right around the corner, CU executives are wondering what’s in store for the economy.Read More
Federal Reserve announces plans to phase out quantitative easing.
August 1, 2013
The Fed has used this tool to purchase $40 billion in mortgagebacked securities and $45 billion in longer-term Treasury securities each month since December 2012.Read More
Less household debt and the improving labor market bode well for CU lending.
June 7, 2013
Expect CU loan balances grow 5% to 6% in 2013—and even faster in 2014.Read More
The Fed’s QE-4 plan will keep pressure on CUs’ net-interest margins.
February 11, 2013
The Fed is saying it’s willing to accept an inflation rate that is higher than its target of 2%.Read More
CUNA economist says the deal will boost household and business confidence.
January 12, 2013
The fiscal cliff agreement will have a net positive effect on the average American.Read More
How to stimulate both short-term economic growth and long-term fiscal responsibility.
December 10, 2012
These suggestions aren’t politically palatable, but at least you have options.Read More
Mortgage balances are growing and delinquency ratios are dropping.
September 1, 2012
In the first half of 2012 credit unions reported improving financial results.Read More
But future asset growth will be limited by capital growth.
June 1, 2012
In March 2012, the credit union movement’s total assets reached $1 trillion for the first time in history.Read More