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Study: more than half of Idaho residents are credit union members

About 55 percent of Idaho residents are credit union members, according to a study called 2017 Economic Impacts of Credit Unions in Idaho by ECONorthwest.

photo of Michael Wilkerson of ECONorthwest

Michael Wilkerson

ECONorthwest found that Idaho’s credit unions spend about $283 million in compensation and other payments. The report looked at the direct and indirect economic impacts of credit unions. The largest impact was jobs. Idaho credit unions provide 2,520 jobs, for a total of $147 million in compensation, said Michael Wilkerson, principal and project director for ECONorthwest.

ECONorthwest also looked at the impact of credit unions in Oregon, Washington, California, and Nevada.

Chart with a list of Idaho credit unions and their assets

Idaho credit unions and asset sizes. Information courtesy of Northwest Credit Union Association.

While 55 percent of Idaho residents are credit union members, about 50 percent of Washington citizens and 49 percent of Oregon citizens are, Wilkerson said.

The report also noted that Idaho credit unions had more than 548,000 loans to its members, totaling $7.3 billion.

Credit unions are available in 34 of Idaho’s 44 counties, and 153,000 members are considered to reside in rural communities, the ECONorthwest study found.

About Sharon Fisher

Sharon Fisher is an Idaho Business Review staff writer, covering financial institutions, technology, and business development. She holds a bachelor of science in computer science from Rensselaer Polytechnic Institute, and a masters in public administration and graduate certificates in geographic informational analysis and in community and regional planning from Boise State University. She likes explaining things and going to meetings. Join me on Twitter at @IBR_SLFisher.