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Credit Unions in West Virginia

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WV52213

Credit Unions in West Virginia industry analysis

The Credit Unions industry in West Virginia is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xxx locations. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Credit Unions in West Virginia Market Research Report

What’s Included in the Credit Unions in West Virginia Market Research Report

Definition of the Credit Unions in West Virginia?

This industry comprises financial institutions known as credit unions or cooperatives. Credit unions provide banking services, primarily taking deposits and lending to these same members. Credit unions are not-for-profit, member-only institutions that offer lower borrowing costs and use surplus funds to offer higher deposit rates.

What’s included in the Credit Unions in West Virginia?

The Credit Unions in West Virginia includes accepting members' share deposits and offering members consumer loans. Related terms covered in the Credit Unions in West Virginia industry report includes a type of loan in which the interest rate that is paid on the outstanding balance is fixed, a rate charged on funds borrowed that is repaid over and above the principal amount borrowed and a loan financing the purchase of real estate with specified payment periods and a fixed or variable interest rate.

Industry Performance of the Credit Unions industry in West Virginia

Benchmark the Credit Unions in West Virginia industry performance with all WV county and national performance.

Credit Unions in West Virginia

#49 in Highest Revenue 0.2% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Credit Unions in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Credit Unions industry in West Virginia

See how key industry drivers, such as population, house price index, new business formation, aggregate household debt, house price index and prime rate are impacting Credit Unions in West Virginia

West Virginia Economic Indicators

Population
House Price Index
New Business Formation

View more economic information in WV State Economic profile

US Key External Drivers

Aggregate household debt
House price index
Prime rate

For the full list of industry drivers, see report purchase options.

County Data of the Credit Unions industry in West Virginia

Access proprietary data on county in the Credit Unions in West Virginia, such as Kanawha County, Cabell County and Harrison County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Credit Unions industry in West Virginia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Credit Unions industry in West Virginia in 2025?

The market size of the Credit Unions industry in West Virginia is $194.2m in 2025.

How many businesses are there in the Credit Unions industry in West Virginia in 2025?

There are 142 businesses in the Credit Unions industry in West Virginia, which has been growing at an average annual rate of 0.6% from 2020 to 2025.

Has the Credit Unions industry in West Virginia grown or declined over the past 5 years?

The market size of the Credit Unions industry in West Virginia has been declining at an average annual rate of -4.4% from 2020 to 2025.

How many employees in the Credit Unions industry in West Virginia in 2025?

There are 1,232 employees in the Credit Unions industry in West Virginia, which has been declining at an average annual rate of -0.4% from 2020 to 2025.