Banks have caught up to credit unions in consumer satisfaction for the first time in 10 years, according to the American Customer Satisfaction Index, a national standard for customer satisfaction.
This sector — which includes banks, credit unions, health insurance, property and casualty insurance, life insurance, internet investment services, and financial advisors — saw a 1.4% bump in customer satisfaction to an ACSI score of 78.3 (on a 0 to 100 scale), according to the Ann Arbor, Mich.-based ACSI's Finance and Insurance Report 2018. Customer satisfaction within this sector overall is the highest it's been in 24 years.
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