As the markets continue to roil in the aftermath of the country's credit rating downgrade, members are likely seeking safe havens for their investment choices.
Scott Powell, managing director of the general account for CUNA Mutual Group's MEMBERS Capital Advisors, offered that take on the impact of the recent string of investment and government fluctuations.
"For credit unions, this is a perplexing time. I believe members are swarming credit unions with liquidity. They want safety and security," Powell said. "At the same time loan demand has been very weak."
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