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.
The experts behind the research
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Alice GambarinLead Economist, Economic Impact
Alice is part of Oxford Economics’ consulting division in the Americas, focusing on delivering socio-economic impact studies to clients across the continent.
Prior to joining Oxford Economics, Alice worked in the Housing Analysis Division at the UK Department for Work and Pensions, where she was involved in policy evaluation and data analysis. Alice holds a BA (Hons) and MSc (Hons) in Economic and Social Sciences from Bocconi University, Italy.
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Dan MartinSenior Economist, Economic Impact
Dan Martin is a Lead Economist on the Economic Impact Consulting team. During his eleven years at Oxford Economics, Dan has worked on a wide range of topics, including economic footprint analyses in industries such as petroleum refining, air transportation, nuclear energy, consumer goods, and industrial trucks.
Much of his work has focused on labor markets, on topics such as overtime regulation, career progression, retirement savings, and gap analyses relating occupational demand to educational supply. He has also worked on topics such as energy efficiency, international trade, and the economics of warehousing.
Dan has a PhD in economics from Clark University, an MA from NYU, and a BS from Stanford, and previously worked at the Environmental Protection Agency.
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