From NAFCU Today <[email protected]>
Subject NCUA’s Hood hosts CU Capital Markets Symposium
Date April 11, 2023 11:11 AM
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Also: Consumer credit grows at slower pace in February

April 11, 2023

NCUA’s Hood hosts Capital Markets Symposium ([link removed] )

NCUA Board Member Rodney Hood is hosting a Credit Union Capital Markets Symposium today at the New York Stock Exchange to share insights on industry hot topics, including liquidity risks, the current interest rate ceiling, and use cases for subordinated debt and secondary capital.

Consumer credit growth slows in February ([link removed] )

Total consumer credit rose 3.8 percent at a seasonally adjusted, annualized rate in February and is up 7.6 percent compared to a year ago. Revolving credit – primarily credit cards – rose 5 percent and is up 15.1 percent compared to February 2022. Non-revolving credit – primarily auto loans and education loans – rose 3.4 percent during the month and is up 5.3 percent from a year ago.

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