CUs' CEO Confidence Plummets

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DALLAS - (01/12/05)-- Southwest Corporate FCU said itscredit union CEO Confidence Index plunged again to a new low. Thesurvey of nearly 500 CEOs during December 2004 found the index fellto 38.75, from 41.06 in September and 47.40 a year ago. In thesurvey, CEOs are asked to rate their confidence in the economy aspositive, somewhat positive, neutral, somewhat negative, andnegative. The survey asks credit union executive to assess thecurrent financial condition of their credit union and their creditunion members as well as expected conditions six months fromnow.

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