Louisiana Credit Union League’s Senior Vice President, Member Engagement Lacy Weaver joined us on the show to share the league's 2020 Credit Union Impact Report, which showed Louisiana credit unions collective impact on the state’s economy throughout COVID-19 pandemic.
According to the report, Louisiana credit unions generated $1.5 billion in economic impact to the state and supported 9,500 jobs in 2020. After sharing those tremendous numbers, Lacey dissected other stats from the report:
Nearly $4,000,000 in waived fees
More than $90,000,000 in mortgage loan forbearance or extensions
More than 20,000 local jobs saved due to Paycheck Protection Loans disbursed
More than $300,000,000 in consumer loan extensions
More than $125,000,000 in commercial/business loan extensions
100 percent of survey participants offered some type of assistance
On average, individual credit union members saved the equivalent of $145 each and member households received an average of $305.
Check it out 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.