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2022 Economic Update

February 16, 2022 // 11:00 am CT


Longstanding economic assumptions, relationships and metrics seem less relevant today. The Fed’s influence has changed. Politics and the political climate have assumed increasing importance. Demographic shifts have accelerated. In an environment characterized by crisis, uncertainty and increasing complexity these trends are magnified. Disparities in member financial well-being have dramatically widened. Prospects for lending and general credit union operating results have shifted. In this session CUNA economists will explore these themes and the effects on credit union operations in 2022 and beyond. 

This session is Council member-only.  Only register if you are a current CUNA Councils member.  

Meet Your Speaker

Speaker Image

Mike Schenk Mike Schenk

Deputy Chief Advocacy Officer for Policy Analysis and Chief Economist


Mike Schenk has 35 years of experience in the financial services industry. In 1992 he joined the Credit Union National Association (CUNA)—the largest and most influential national trade association advocating for America's credit unions. There are nearly 5,500 credit unions nationwide, with more than 120 million memberships and nearly $1.5 trillion in assets

Mike currently is Deputy Chief Advocacy Officer for Policy Analysis and Chief Economist for CUNA and conducts economic research and supports CUNA's public relations and advocacy efforts.  His analyses regularly appear in trade publications such as Credit Union Magazine. He also is a frequent contributor to the financial media.

Schenk serves on the board of Summit Credit Union in Madison, Wisconsin—a $3 billion financial cooperative with over 160,000 members. He serves as Board Chair and also has chaired the credit union's Asset-Liability Management and Risk Management/Internal Audit Committees. 

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