CUNA Economic Update
February 2018
Jordan van Rijn,
Senior Economist
CUNA Economic Update is sponsored by
5.0
7.3
9.99.3
8.57.9
6.7
5.65.0 4.7
4.1 4.1 3.9
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018January
2018Forecast
Unemployment RatePercent Changes
Source: BLS
$0
$10
$20
$30
$40
$50
$60
$70
$80
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 20160
50,000
100,000
150,000
200,000
250,000
300,000
In Billions
Member Business Lending by Credit UnionsSource: CUNA
No. business Loans Amt. Business Loans (billions)
Source: Federal Reserve Small Business Credit Survey (April 2017)
Source: Federal Reserve Small Business Credit Survey (April 2017)
Source: Federal Reserve Small Business Credit Survey (April 2017)
$275,105
$48,392
$1,071,426
$102,177
Conditional Mean Conditional Median
Credit Union Bank
Business Equity
10.0%
14.7%
Percentage who own any Business Equity
Credit Union Bank
Business Equity represents the net value of the business if it were to be sold at the time of the surveySource: Survey of Consumer Finances (2016).
Source: Federal Reserve Small Business Credit Survey (April 2017)
Credit Union Competitive Advantage
1. Borrower acquisition
2. Borrower experience & satisfaction
3. Customer & product mix
4. Costs of funds
5. Cost of underwriting, operating & regulatory compliance
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CUNA Economic Update is sponsored by
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