There's something good brewing in the northwest and this time it isn't coffee. It's credit unions and their growing popularity and economic impact on the area. To get all the details, Northwest Credit Union Association President/CEO Troy Stang joined us "live" outside the Washington state capitol in Olympia.
Troy revealed the latest findings from an independent study (ECONorthwest) documenting credit unions’ economic impacts in Idaho, Oregon, and Washington. Overall, they found that northwest credit unions delivered a $7.8 billion boost to the states' economies -- with 7.3 million consumers in the region belonging to a credit union (roughly 55% marketshare).
Troy added that the northwest credit unions’ economic impact is comparable to many large universities and companies. He also discussed the effect credit union jobs have had in the area -- and, ultimately, why it's important to share this information with elected officials.
Great talk with Troy about the incredible strides NWCUA and credit unions have made in the northwest. We also asked him what's the secret sauce to credit unions' success in this area. Find out in our conversation -- and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.