CEO Confidence In Economy Rises AfterYear-Long Slide

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DALLAS - (07/05/05) After falling for nearly a year, aranking of confidence in the economy by credit union CEOs hasrisen. The survey found that CEOs feel the current financialcondition at their credit unions have improved, and they also feelfinancial conditions are likely to continue improving six monthsfrom now. Results of the quarterly Credit Union CEO Confidencesurvey, conducted by Southwest Corporate FCU, also mirrors theupturn in consumer confidence reported by the Conference Board'sConsumer Confidence Index. The CU CEO Confidence Index rose to37.26 in the July report-up from 34.81 as measured in April. CEOsrate their optimism on a scale of 1-100. Measurements showed amarked increase across the board with the exception of sharedeposit growth at credit unions six months from now. That numberfell from 23.47 in April to 19.50 in June. Expectation for loandemand reflected the sharpest increase-jumping from 21.77 in Aprilto 30.09 in June.

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