Consulting Report
28 Jan 2025

The Economic Impact of Credit Unions

Commissioned by GoWest Credit Union Association

GoWest commissioned Oxford Economics for an analysis of credit unions’ economic impact in Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming. The analysis measures credit unions’ economic impacts in terms of GDP, employment, and wages.

One-third of the American population has a credit union membership. Credit unions provide critically needed financial services to their members, such as savings and checking accounts, consumer loans, and mortgages. Unlike for-profit banks, earnings made by credit unions are returned to their members in the form of benefits such as reduced fees, higher savings rates, lower loan interest rates, and dividends.

GoWest Credit Union Association commissioned Oxford Economics to perform this study, which quantifies the economic impacts of credit unions in Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming in terms of GDP, employment, and wages.

Each report documents the economic contribution of credit unions in one of the six states.

This report was brought to you by the Economic impact team.
Quantifying the economic, social, and environmental impact of government policies, new investments, technological innovations, industries, and companies at a global, national, or local level.
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