California/Nevada Credit Union Leagues Chief Economist Dwight Johnston visited us on the program to provide us with the latest California and Nevada credit union spending and savings trends report for Q3 2018.
Overall, it's business as usual, Dwight says, as members continue taking on various types of first mortgages, home equity loans, new and used auto loans, credit cards, and personal loans. Members are also trying to save money using credit unions to transact purchases and bill pay.
Even though year-over-year growth is continuing, Dwight adds that things are starting to slow down as the rumored recession looms toward the end of the year. So we wrapped up discussing the big picture for credit unions as the 2019 concludes.
A compelling conversation for sure, so check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.