Steve Forbes, Chairman and CEO of Forbes, Inc., http://www.forbes.com/, took time out of his very busy schedule to speak with me about his views on the economy and how current economic trends might affect the credit union industry. Mr. Forbes touched upon major issues such as interest rates, the credit markets, the U.S. dollar, and proposed “mark-to-market” accounting rule changes.
Interest rates are affected by a myriad of pressures, including inflation, deflation, the relative strength (or weakness) of the U.S. dollar, availability of credit, record deficits, foreign and domestic demand for U.S. Treasurys, to name just a few. Interest rate risk for credit unions is always lurking in the background, but because of the current environment, the threat may be greater than normal. It is a complicated issue, but Steve . . .
Please go to Page 33 of Credit Union Business Magazine to read the entire article.
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