6 predictions for 2024

Read the original full article from CUNA News here.

Here is a brief summary of the article:

• The new year has arrived, and it’s time to forget the past few tough years.
• It’s time to invent a new idiom and judge the new year differently.
• Each year has been distinct, even when talking about the same things like COVID and interest rates.
• Looking ahead to 2024, there are some predictions that are so obvious and predictable, and some that are uncertain.
• Some of the predictions for 2024 include fluctuating interest rates, loans being hard to come by, AI being a buzzword, asset quality becoming important, an election happening, and financial institutions regretting their investments.
• It’s important for credit unions to plan for multiple potential scenarios going forward, just like they have done since 2020.