Consumers in the Midwest are more concerned with reducing their debt than they are with growing their savings accounts or saving for retirement, according to a survey co-sponsored by the $588.7 million, Bellevue, Neb.-based SAC Federal Credit Union and the Omaha, Neb.-based Institute for Career Advancement Needs.
Participants of the survey, titled “Leading the Way – the 2012 Leadership and Finances Survey,” named “decreasing debt” as their top personal finance priority over the next year, followed by “growing personal savings” and “saving for retirement,” the Omaha credit union said.
The survey also revealed Midwesterners' hold a shaky view of their personal finances – 68% of respondents said they are “somewhat confident” in the overall state of their finances, SAC FCU said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
