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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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PowerPoint Slideshow about ' Economic & CU Performance Trends' - sydney-payne


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Presentation Transcript
slide2

What if…

➠ U.S. had bright economic future?

CU Trends by Asset Category…

➠ What can we do?

slide5

Chicken Vs Egg

 labor market =>  HH confidence =>  spending

Or

 spending =>  business confidence =>  labor market

slide9

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?

slide10

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
slide11

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
slide12

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
slide13

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
slide14

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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