Credit unions remain on track for record growth this year, despite the weak start for the U.S. economy in the first quarter, CUNA economist Mike Schenk said Monday.

While President Trump's one-pager budget released April 26 contains ideas for tax cuts that might spur economic growth, the chances of any of them happening depends on Congress.

Nevertheless, CUNA has "baked" Trump's preliminary plans for tax cuts into its forecast for economic growth, which remains as it was a month ago at 2.3% for 2017 and 2.5% for 2018.

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Jim DuPlessis

A journalist for decades.

Credit Union Management
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