Idaho Credit Unions Deliver $71.5 Million in Direct Benefits to Consumer Members


Lynn Heider
503.329.7208 (Mobile)

BOISE, ID — The key difference between local credit unions and other financial services providers is credit unions’ not-for-profit, cooperative structure. At a credit union, you’re a member—and an owner. Unlike for-profit financial institutions that must pay stockholders, credit unions return benefits back to you, the member, in the form of lower fees, better interest rates, and other services that hard-working Americans need.

Here’s some new information about how that breaks down for Idaho’s credit union member-owners: *

  • Collectively, their Gem State credit unions delivered $71.5 million in direct benefits right back to them.
  • That’s an advantage of $96 last year that each member enjoyed because they banked with a credit union.
  • And every Main Street household with a credit union member, saw benefits of at least $183.
  • Consumers who got their new car loans from an Idaho credit union, are saving an average of $142 in interest during each year of a 60-month, $25,000 loan.
  • The interest rate that Idaho credit unions charge for credit cards, is as much as 6% lower than rates that for-profit financial institutions are charging.
  • Your Gem State credit unions have granted $6 billion in current loans you need on Main Street for cars, homes, and small businesses.
  • Credit unions cooperate. Most network their ATMS, meaning members have access to their money at almost any credit union, and they don’t have to pay those annoying fees.

*Source: Informa Research comparing not-for-profit and profit-driven financial institutions’ interest rates and fees in the12 months ending September 30, 2016; National Credit Union Administration and Credit Union National Association data.

Nearly all Idaho residents are eligible for membership. Own your money. To find a credit union that’s convenient for you, please visit


The Northwest Credit Union Association is the not-for-profit trade association representing over 180 credit unions in Idaho, Oregon, and Washington, and their 6.2 million consumer members. Northwest Credit unions are not-for-profit cooperatives, owned by their members. Credit unions help members achieve their financial goals. All earnings in excess of operating expenses and required reserves are returned to members in the form of better loan rates, lower fees and higher interest paid on savings. For information on how to join a credit union, please visit

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