CU2201. Opening Remarks | Economic Update

Longstanding economic assumptions, relationships and metrics are less relevant in today’s economy. Federal Reserve policy decisions are more obviously fraught with peril. Politics and the political climate have assumed increasing importance. Demographic shifts – with potentially large impacts - have accelerated. In an environment characterized by crisis, uncertainty and complexity these trends are magnified – with important implications for accountants, auditors, and all those interested in credit union operations. Significant labor market improvements have occurred quickly but have been uneven. Ligi will explore these and related themes and will discuss implications for credit unions over the year ahead.

Learning Objectives:

• Analyze current economic, demographic and policy trends that directly or indirectly impact credit unions' financial performance.
• Identify high-risk credit unions' financial and accounting areas that are specially vulnerable in this uncertain and highly complex economic environment.