NCUA’s decision to levy a premium to shore up the NCUSIF as a result of the corporate stabilization plan has caused 70% of credit unions surveyed by NAFCU to adjust their growth predictions downward.
According to NAFCU’s March Flash Report, 97.7% of those surveyed said their predictions for net income growth had been effected by the premium announcement and 2.3% said their prediction on asset growth.
The association’s survey found that 80.6% of respondents were expecting a decline in net income growth this year, 14.9% were expecting an increase and 4.5% expect no change.
A plurality of respondents expected a decline in loan growth this year. (CU Times)