The Credit Union Difference

Credit unions are not-for-profit, cooperative financial services providers, owned and governed by their members. That unique structure intentionally holds credit unions accountable to members, and every decision is made in the members’ best interests. Unlike for-profit financial institutions, which are focused on paying Wall Street stockholders, credit unions invest their earnings to serve Idaho families and their Main Street business members. They offer services such as competitive interest rates, technology, and everything else consumers need for their financial well-being.

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Credit Unions are Essential to the Economy

An independent analysis by economists at ECONorthwest finds that Idaho’s credit unions drove a $1.2 billion impact on the economy in 2019. Consider that every Idaho credit union member realized $106 of direct financial benefit last year, because their credit union’s not-for-profit, cooperative structure offered them the most competitive loans and savings rates. That rippled out into the economy, providing a $233 million impact to Idaho households and businesses. The 3,283 professionals working in Idaho’s credit unions supported a total of more than 8,000 jobs in the economy, as well. Credit unions’ financial impact on the economy has grown 60% in just the last two years!*


Source: Independent analysis by ECONorthwest January 2021

Credit Unions Care About Members. Always.

Credit unions were formed during the Great Depression by consumers who were not being well-served by traditional financial institutions. Since their inception, they’ve put members first.

The 2020 COVID-19 pandemic spared no household. Idaho credit unions stepped up for consumers, waiving millions in fees, offering options to defer loan payments, low- to zero-interest emergency loans, and more. Credit unions serving Idaho provided $253 million in Paycheck Protection Program funds that helped more than 5,634 businesses continue to pay their employees.

PPP LoanWhen COVID-19 turned lives and businesses upside down last year, a credit union came through with a PPP loan, that quickly helped Keith Arruda bring back his staff and keep Happy Teriyaki open.

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Source: Independent analysis by ECONorthwest January 2021