• Dr. Stephen Woodbury, a highly respected economist at Michigan State University, and his research team found that prohibiting credit unions from serving more than one group will substantially deny workers in small and mid-sized firms access to an employee-based federal credit union. Employee groups of less than 500 are too small to have their own credit union.

• 62.8 million workers are employed in firms with less than 500 workers. These 62.8 million workers:
  • make up 62% of the private sector work force in the U.S.
  • earn significantly less, on average, than employees in larger firms.
  • receive fewer fringe benefits than employees in large firms.