SPOKANE, Washington (Sept. 18, 2019) — More than 500,000 consumers in the Spokane Valley have chosen credit unions as their financial services partners. Why? As not-for-profit cooperatives, credit unions don’t pay stockholders on Wall Street. Instead they reinvest their earnings in their members, right on Main Street in Spokane, saving the average household $180 last year. That’s a good reason to be a credit union member!
Credit unions are critically important to the Spokane economy. There are 14 credit unions headquartered in the Lilac City, and they protect more than $7.7 billion of their members’ financial assets. They make loans that help Washingtonians buy their dream homes, purchase the cars that get them to work, and open businesses. Spokane credit unions also provide excellent careers for nearly 5,000 professionals.
You might call Spokane a “Credit Union Town,” making it a good site to host the Northwest Credit Union Association’s annual MAXX Convention next month. More than 400 credit union employees from Idaho, Oregon and Washington will attend, along with 120 businesses, which provide credit unions with products from online technology platforms to ATMs to credit card services.
In addition to diving deep into solutions that help credit unions serve their members, the MAXX Convention will host the Masquerade Dinner and Auction benefitting Credit Unions for Kids, a charity that supports the eight Children’s Miracle Network Hospitals in the Northwest. Last year’s auction raised over $630,000 for life-saving research, medical equipment and other support for young patients and their families. Media coverage is welcomed at the 2019 auction the evening of Oct. 16.
Coverage opportunities include access to financial technology entrepreneurs, local credit union visionaries, economists, and experts in diversity, equity, and inclusion. Save the date! Contact Lynn Heider for media credentials.
Credit Union National Association Analysis of Datatrac and National Credit Union Administration bank and credit union interest rate data for the 12 months ending March 31, 2019.
The Northwest Credit Union Association is the trade association representing more than 175 not-for-profit, cooperative credit unions in Idaho, Oregon and Washington, and their 7.3 million consumer members. From Oct. 15 to 17, the NWCUA will host its annual MAXX Convention and Strategic Link Trade Show, in Spokane. MAXX draws hundreds of credit union professionals across the region to the three-day event. The annual Convention and Trade Show provides advocacy, networking, and learning opportunities through engaging speakers, roundtables, workshops, and more. For details and registration, visit MAXX online.