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Economic & CU Performance Trends

Economic & CU Performance Trends. What if… ➠ U.S. had bright economic future? CU Trends by Asset Category… ➠ What can we do?. Chicken Vs Egg  labor market =>  HH confidence =>  spending Or  spending =>  business confidence =>  labor market.

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Economic & CU Performance Trends

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  1. Economic & CU Performance Trends

  2. What if… ➠ U.S. had bright economic future? CU Trends by Asset Category… ➠ What can we do?

  3. Chicken Vs Egg  labor market =>  HH confidence =>  spending Or  spending =>  business confidence =>  labor market

  4. What if the U.S. was going to… • Experience rapid growth in job creation? • Experience rapid growth in disposable personal income? • Experience a capital investment boom? • Become 95% energy self-sufficient by 2020? • Reduce its trade deficit by half by 2020? How can credit unions leverage this opportunity?

  5. The U.S. is experiencing an energy revolution… • U.S. has become a net exporter of refined petroleum products for the first time since 1949 • U.S. has also become the fastest growing oil and gas producer in the world

  6. What’s driving this opportunity? • Natural Gas Revolution • Technology has created this price advantage • $3 MBTU for natural gas translates into a crude oil price of less than $20 per barrel • Represents an 80% savings

  7. Broad Economic Implications… • Economic Growth • Employment • 2.5 million jobs created by 2020 • Capital Investment • Oil and gas exploration, drilling equipment, rail facilities, pipeline, refineries, processing and distribution • Consumer Spending

  8. Broad economic implications… • Trade Balance • Reduced oil imports, increased exports of both petroleum and natural gas • Reduce trade deficit by half by 2020 • Corporate Profits • Steep decline in energy cost will contribute significantly to profit margins, especially in the manufacturing sector • Government Finances • Accelerating tax revenues • Sales tax from retail sales • Personal and corporate tax receipts

  9. Long-term impact on credit unions… • What can credit unions do to capitalize on this potential opportunity? • Special Deposit Accounts • Specialized Lending • Education • Equipment • Legal Assistance • Financial Planning

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