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).
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