What is the impact of CDFI certified credit unions? $874 million

by Jamie Strayer, CU Strategic Planning

Inspiring trends were presented at CUNA’s CDFI Roundtable by Chief Economist, Mike Schenk.

CDFI certified credit unions had the direct benefit of $874 million in the communities they serve, equalling $250 per family.

The credit unions certified as CDFIs additionally  created 82,391 jobs and spurred $18.1 billion in economic impact. This was determined through economic forecasting of (Jobs, Earnings, Operating Expenses + Purchase of Intermediate Goods & Services + Household Spending) following the model of   (Direct Effects + Indirect Affects + Induced Effects).

 

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