8 THE NAFCU JOURNAL January–February 2023 WASHINGTON AND INDUSTRY BRIEFS It’s hard to escape the never-ending talk about where the U.S. economy stands and where it’s headed. But at NAFCU, our overarching priority remains the same: to help the credit union industry continue to grow and succeed. It’s our mission and our north star. READY YOUR CREDIT UNION TO WEATHER 2023 By Greg Mesack, NAFCU SVP of Government Affairs Each report dives into the latest data from economic indicators in all facets of the economy, from retail sales and existing-home sales to consumer credit and the consumer price index, plus many more. Macroeconomic Data Flash Reports This monthly report combines the latest macroeconomic forecasts and insights along with trend data from NAFCU member credit unions through the Credit Union Sentiment Index—a monthly measure of credit union views on growth, loan conditions, and regulatory burden. Each issue also includes a survey to inform the special topic for the following issue. Economic & CU Monitoring The quarterly report helps credit unions stay up-to-date with the latest key trends within the industry based on National Credit Union Administration (NCUA) data and provides credit unions with greater perspective on their own credit union’s progress. The NCUA data is examined at the industry level and broken down by state and asset class. CU Industry Trends This report provides a thorough review of staff salary data for credit union industry positions by state and metropolitan statistical area. These files allow credit unions to view annual and hourly salary ranges for select positions, as well as historical median and pay growth rates, allowing them to benchmark staff salaries with other businesses with whom they are competing for top talent. Salary Comparison Report As we expect economic conditions to continue to fluctuate throughout 2023 in response to inflation, unemployment, supply chain shortages and more, NAFCU is working day in and day out to ensure you have the insights and data needed to successfully lead your credit unions through any economic storm. The NAFCU research team produces several monthly and quarterly reports that can help you accurately and effectively digest the latest data and the most recent trends that impact your credit union:
RkJQdWJsaXNoZXIy MTY1NDIzOQ==