Credit unions added $1.1 billion to the state economy in 2014
Every $1 spent by Iowa credit unions added 77 cents elsewhere in the state economy, and every job at an Iowa credit union supports an additional 1.28 jobs in the rest of the economy, according to a report by Iowa State University economist Dave Swenson that was released today by the Iowa Credit Union League. Overall, credit unions pumped $1.1 billion into the state economy, including $600 million in value added gross domestic product and $350 million in labor income. There are 107 credit unions in Iowa. Read the report.
Trending News
