Credit unions are well-known as the consumer's best friend — but when it comes to saving money, where are members really stashing their cash?
As fees rise at big financial institutions, fueling misgivings about traditional banks, consumers continue to turn to credit unions. According to the CUNA, 3.7 million people joined one of these not-for-profit institutions in 2015, making a record high of total members.
But while credit unions are famous for kids' savings accounts and teen financial literacy programs, savings-minded adults may be looking elsewhere – namely, online.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.