What is the impact of CDFI Certified Credit Unions? $874 Million

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). Not at all surprising with this benefit, membership growth is outpaced the industry by 430%. Small credit unions in the U.S. experie

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