IRVINE, Calif.–– Origence will host a free webinar today titled “Economic and Credit Union Update” featuring guest speaker Steven Rick, director and chief economist at TruStage, at 2 p.m. ET.
“In this session, Rick will explore how the global economy, the overall financial sector, and the labor market will impact the U.S. economy, U.S. interest rates, and ultimately, credit union balance sheets and earnings performance,” Origence said. “Attendees will identify key trends in savings, loans, and assets, while exploring future growth patterns through 2025.”
Key Takeaways
According to Origence, key takeaways will include:
- Global and financial trends and their impact on credit unions
- Measurable performance benchmarks
- Trends in savings and loans
- Future growth patterns and predictions
Seeing the Signs
“Signs of the U.S. economy slowing are emerging, with lower consumer spending, higher delinquencies, and an uptick in unemployment to 4.1%,” said Origence CFO Neetu Bhagat in a statement. “Although June’s inflation eased to 3.0%, it’s still too high for any immediate policy change. The upcoming U.S. election in November adds uncertainty. Our credit unions now face the challenge of anticipating whether this downturn will impact earnings and inflation enough to trigger a September rate reduction, and how to strategically adjust for the potential volatility of the election period.
“This session will equip credit unions with the insight they need to navigate the complexities of the 2024 economic landscape effectively,” Bhagat added.
‘Valuable Resource’
According to Origence, the webinar promises to be a “valuable resource for credit unions seeking to make informed decisions in an ever-evolving economic climate.”
To register, go here.