A 2022 independent analysis performed by renowned economists at ECONorthwest finds that Idaho’s credit unions are essential to the state’s economy and delivered a total economic impact of $1.7 billion.
As not-for-profit cooperatives, credit unions reinvest their earnings into their member-owners, resulting in benefits such as lower interest rates on loans and better savings rates.
Credit unions not only serve their members, but also help drive local economies, which correlates to a positive impact for Idaho. Credit unions’ not-for-profit, cooperative structure, local footprint, and community engagement drive a unique impact that benefits the economy and provides people with tangible financial services and benefits they might not otherwise have access to.
$1.7 BILLION IMPACT ON IDAHO'S ECONOMY
1.3 MILLION MEMBERS OF CREDIT UNIONS SERVED
9,200 TOTAL IDAHOAN JOBS SUPPORTED
$5.1+ MILLION IN CHARITABLE CONTRIBUTIONS
NEARLY 3,800 HOURS OF FINANCIAL EDUCATION
Learn More & Download The Reports
Credit unions are essential in Idaho. Their impressive economic and community impact has been documented in an independent analysis performed by economists at ECONorthwest and in a community Impact survey by GoWest Credit Union Association.
ECONorthwest’s Executive Summary Community Impact Report