Yakima, WA (April 7, 2025) |
Solarity Credit Union generated a total economic impact of $43.4 million in 2023, supporting 340 jobs and providing $6.6 million in direct financial benefits to its 50,000 members, according to a new economic impact report by Oxford Economics and the GoWest Credit Union Association. The credit union directly employed 140 individuals and contributed $15.3 million in wages to its employees. In total, Solarity’s operations supported $28.3 million in income for workers across various sectors, reinforcing its role as a major economic driver in the community.
"Credit unions do more than just hold your money, we put it to work right here in our community,” said Mina Worthington, President and CEO of Solarity Credit Union. “Whether it’s supporting local jobs, helping small businesses grow or putting extra cash back in our members’ pockets, we’re proud to be part of something bigger,"
As not-for-profit, member-owned financial institutions, credit unions reinvest earnings into their members and local economies through better interest rates, lower fees and financial education. The report highlights the broader impact of credit unions, showing how these institutions fuel job creation, support small businesses and strengthen local economies.
Beyond employment and wages, the study found that Solarity’s benefits extend well beyond its members, creating a ripple effect throughout the community. With lower fees and better interest rates, members have more money to spend, save and invest locally, reinforcing economic stability and growth.
To learn more about Solarity’s economic and community impact, we invite you to explore our full Community Impact Report at solaritycu.org/2024-impact.
