WASHINGTON–The GoWest Credit Union Association said that the nearly 400 advocates it has in Washington for GAC this week will be sharing “rich data “with Congress documenting how credit unions are serving 16.5 million of those elected officials’ constituents across their six-state region.
The six states include Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming.
According to the GoWest Association, advocates will be armed with two recent reports “proving credit unions’ economic footprint and community services, driven by their not-for-profit, cooperative structure.”
Noting the Hill hikers will be sharingdata unique to each state and congressional district, collectively, the GWCUA said the data show CUs provide:
- $21 billion economic boost to states’ economies
- 35,450 family wage jobs in not-for-profit cooperative credit unions which supported a total of more than 100,000 jobs in the six-state region
- $1.1 billion in direct benefits returned to members, resulting in a ripple effect benefit of $2.7 billion when those benefits were spent in Main Street economies
- 6,374 local non-profits supported
- 135,000 hours contributed by credit union employees to community service; and
- 54,000 hours of free financial education provided across GoWest states.
‘Sharing the Difference’
“We’re excited to be part of the CUNA GAC, to join thousands of credit union colleagues from across the country in sharing the credit union difference with our federal elected officials,” said Troy Stang, GoWest’s president and chief executive officer. “With all of the priorities elected officials are addressing, credit unions are a bright spot on their radar, an area where they can all agree that the not-for-profit cooperative financial services model is essential for consumers, communities, and necessary to balance the nation’s financial structure.”
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