CUNA and NAFCU are now America’s Credit Unions,
a unified voice for the credit union industry.
While a specific data inquiry yields a specific result, there are macro-level takeaways that shine through time and again:
Credit unions deliver billions of dollars in financial benefits to members and nonmembers through lower loan interest rates, higher saving yields. and fewer and lower fees.
Credit unions have a HIGH impact on local economies, by creating thousands of jobs, generating billions of dollars in economic output, and billions in tax revenues for state and federal governments.
It's as simple as this: credit unions have leveraged their tax exemption status by a factor of 9. That means better interest rates AND more members are being served. It also means credit union-friendly legislation is one of the best investments policymakers can make for their constituents.
