Fed cuts rate and credit unions?

Im not exactly sure with this question AND I work for a Credit Union. I know that even the CU I work at just suffered a major loss... And if things get worse to me it seems intrest rates may go up.. but thats just my opinion. The world is getting out of control and seems like nothing will help! God Bless us all!

ARM's by utilising definition circulate with pastime indexes (and the Fed's bench mark pastime fee impacts those indexes greately). in the present day the linked fee grow to be cut back by utilising .5% and what meaning is that the ARM element of your month-to-month own loan value could desire to bypass down in the fast to mid-term. yet there is not any garantee for the destiny! and it incredibly is the reason you're getting a greater perfect deal in the present day whilst in comparison with say a 30 year fastened, you're sharing the possibility alongside consisting of your credit union... Now for the 17% ballon, i'm hoping which you have a plan to pay it whilst this is due in 5 years. in any different case, you will be compelled to refinance in case you have that decision in the different case... properly i assume you heard the information like the rest people... If i grow to be you, i could make valuable that the greater severe case senario is considered so which you do no longer finally end up loosing your place like forty 5,000 people in Atlanta this year...