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ALEXANDRIA, Va. — Strengthening consumer spending — sparked
in part by new- and used-vehicle sales — is part of the reason for the upbeat
forecast for credit union business, according to the latest update from the
National Credit Union Administration.

In his review on how an improving economy will likely affect
credit unions, NCUA chief economist John Worth touched what he called, "good
news."

After also discussing employment, manufacturing and housing trends
in a video posted on the administration's YouTube channel, Worth insisted, "Continued
improvement in key economic indicators is good news for credit unions.

"Falling unemployment and stronger consumer spending will
likely help credit unions' bottom lines in 2012," he continued. "Credit unions
also could expect to see increased deposits, fewer delinquencies and
charge-offs, and increased loan demand.

"While the modestly improving economy will help credit unions,
the outlook has risks, too," Worth acknowledged. "Credit unions need to account
for the surge in crude oil and gasoline prices, and reemerging risk in Europe."

Worth's latest presentation can be found at http://www.youtube.com/ncuachannel.