After a steep decline over the past two quarters, credit union CEOs seemed to have received a confidence boost over this past quarter by showing a 17-point jump in Southwest Corporate Federal Credit Union's CEO confidence survey.
In the first quarter of 2009, the survey reported an all-time low in CEO confidence with a 7.90 index. For this quarter, CEOs reported a 24.54 confidence index.
The survey measures the outlook credit union CEOs have in six categories: members' current financial condition, members' financial condition six months from now, credit union's current financial condition, credit union's financial condition six months from now, loan demand at the credit union in six months and share deposit growth at the credit union in six months. All six categories recorded positive gains over last quarter.
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