NCUA Video Warns of Rising Interest Rates
In NCUA’s latest Economic Update YouTube video, Chief Economist Ralph Monaco warns that despite all of the good news about the strengthening economy, credit unions need to be concerned about the impact of both short-term and long-term rising interest rates. Monaco recommends that credit unions evaluate their income and balance sheets against a range of potential interest rate scenarios, including one that looks like the Federal Reserve’s projections. [12/24/15]