CU CEO Confidence DownSharply

DALLAS - (10/13/04) -- The confidence credit union CEOshave in the U.S. economy has dropped to its lowest point of theyear, according to a just-completed, quarterly survey conducted bySouthwest Corporate FCU. Confidence in the economy had beentrending upward since Southwest Corporate launched its Credit UnionCEO Confidence Index at the beginning of this year, but in thelatest national survey of more than 480 credit union CEOs, therewas a sharp decline in optimism, with the Confidence Index droppingto 41.06 from 47.4.