While Kentucky credit unions are performing higher than the national average in a number of areas, the cooperatives were challenged by CUNA Mutual Group to seek out more growth strategies.
That was the message from Scott Powell, managing director, general account investments for MEMBERS Capital Advisors, the registered investment advisor for CUNA Mutual. On Oct. 22, Powell spoke at the Kentucky Credit Union League Annual Meeting and Convention.
Kentucky CUs have been performing at a higher level than the national average in almost all financial measures, but margins are still tight and continue to shrink, according to CUNA Mutual. A looming second credit crisis, a second wave of unemployment shock and potential inflationary spikes down the road are still risks.
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