PEWAUKEE, Wis. (2/10/16)--The $3 billion in small business loans made to Wisconsin business owners is among the many benefits Wisconsin credit unions provided the state’s consumers in 2015.
The Wisconsin Credit Union League’s recently released 2015 Scorecard provides the finer points of credit unions’ economic impact and social responsibility.
Among the findings for 2015, Wisconsin credit unions offered:
“A credit union’s consumer-ownership ensures local decision-making, investment in local causes and provides one of the finest options for consumers to achieve financial and community self-help,” said league President/CEO Brett Thompson.
He noted that as cooperatives, credit unions go where other financial institutions can’t or won’t to support 2.7 million Wisconsin citizens, schools, small businesses and local causes.
Thompson said, “In addition to providing services that so many consumers value, we’re proud to say Wisconsin’s credit unions are thriving.
“By refinancing loans during job losses or medical crises, granting safe and affordable mortgages, working with students to ensure they don’t over-borrow, teaching young people good financial habits and empowering citizens to save for a rainy day or retirement, credit unions ensure stronger families, communities and economies.”