Banks are not the only financial institutions suffering from consumer deleveraging.

Dave Colby, chief economist at the Credit Union National Association, said the economy is teetering, as consumers continue to deleverage. He projected 2% to 3% credit union loan growth in 2011. "I am seeing a lumpy L-type of recovery for the economy with things slowly getting back into place, but with a whole flock of black swans sitting out there."

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access