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February jobs report stronger than anticipated; NAFCU expects robust gains in coming months

February jobs report stronger than anticipated; NAFCU expects robust gains in coming months Macro Data Flash report. Long’s commentary on the report was also featured in Of note, the January non-farm payrolls rate was significantly revised up to a gain of 166,000. “The February jobs report was stronger than anticipated, thanks to a spike in restaurant employment,” said Long. “Private payrolls grew by 465,000, and restaurants accounted for over 60 percent of that total. “With vaccine distribution continuing to accelerate and with the economy in the initial stages of a reopening, the coming months should see robust gains,” added Long.

New yorkUnited statesNew york postBureau of labor statisticsResearch curt longLabor statisticsVice presidentData flashபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்புதியது யார்க் போஸ்ட்பணியகம் ஆஃப் தொழிலாளர் புள்ளிவிவரங்கள்ஆராய்ச்சி கர்ட் நீண்டதுதொழிலாளர் புள்ளிவிவரங்கள்துணை ப்ரெஸிடெஂட்தகவல்கள் ஃபிளாஷ்

Q4 call report data reflects ongoing industry growth

Q4 call report data reflects ongoing industry growth NCUA headquarters Despite the effects of the ongoing coronavirus pandemic, membership at federally-insured credit unions continued to grow in the fourth quarter of 2020 – reaching 124.3 million – according to the NCUA’s latest call report data. In addition, total assets rose by 3.2 percent over the quarter to $1.85 trillion. “The fourth quarter call report data shows credit unions are continuing to do what they do best – serving their members and communities despite an uncertain economic outlook,” said NAFCU Chief Economist and Vice President of Research Curt Long. “NAFCU will continue to work to ensure credit unions can access every tool in the toolbox to grow and support their members by advocating for vital relief measures.”

Research curt longVice presidentResearch curtஆராய்ச்சி கர்ட் நீண்டதுதுணை ப்ரெஸிடெஂட்ஆராய்ச்சி கர்ட்

NCUA Board reviews SIF status, ways to manage fund

NCUA Board reviews SIF status, ways to manage fund As the NCUA Board Thursday received a quarterly briefing on the National Credit Union Share Insurance Fund (NCUSIF), Chairman Todd Harper said the fund is the agency’s top priority for 2021 as it works to ensure it can withstand fallout from the COVID-19 recession, and again indicated that a premium may be assessed this year. “NAFCU strongly believes that charging a SIF premium is unnecessary as the fund rests on solid financial footing,” said NAFCU Chief Economist and Vice President of Research Curt Long. “Amid a global pandemic and economic downturn, credit unions should be allowed to direct the money they hold toward serving their members, and it should not be siphoned off into an already stable and healthy SIF.”

Todd harperNational credit union share insurance fundResearch curt longChairman todd harperVice presidentResearch curtடாட் ஹார்பர்தேசிய கடன் தொழிற்சங்கம் பகிர் காப்பீடு நிதிஆராய்ச்சி கர்ட் நீண்டதுதலைவர் டாட் ஹார்பர்துணை ப்ரெஸிடெஂட்ஆராய்ச்சி கர்ட்

NCUA audit shows SIF equity ratio at 1 26%; NAFCU expects it to exceed 1 3% soon

NCUA audit shows SIF equity ratio at 1 26%; NAFCU expects it to exceed 1 3% soon
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National credit union share insurance fundResearch curt longVice presidentதேசிய கடன் தொழிற்சங்கம் பகிர் காப்பீடு நிதிஆராய்ச்சி கர்ட் நீண்டதுதுணை ப்ரெஸிடெஂட்

Fed survey: Lending standards expected to ease in 2021

Fed survey: Lending standards expected to ease in 2021 The Federal Reserve’s fourth-quarter senior loan officer opinion survey (SLOOS) revealed that banks expect to ease lending standards this year, following a year-long trend of tightening due to the economic effects of the coronavirus pandemic. “Bank loan officers are anticipating easing standards on consumer loans this year, despite expecting rising delinquencies,” said NAFCU Chief Economist and Vice President of Research Curt Long. “That outcome would contrast with the financial crisis, where the tightening cycle lasted from 2007 through 2010. “Nevertheless, the fact that high-income households have fared so much better than low-income ones over the past year means that there may still be a lack of access to credit for low-income households even if underwriting standards do ease somewhat this year,” Long added.

Research curt longFederal reserveVice presidentResearch curtஆராய்ச்சி கர்ட் நீண்டதுகூட்டாட்சியின் இருப்புதுணை ப்ரெஸிடெஂட்ஆராய்ச்சி கர்ட்