Entrance to the Madison, Wis. headquarters of Filene Research Institute, WOCCU and the Worldwide Foundation for Credit Unions.
A study commissioned by Filene Research Institute found credit unions scored ahead of most banks on innovation this year.
The 2023 study found credit unions scored 69 on a scale of 1 to 100 on innovation, just below the average of 70 for all 200 brands in the study. However, credit unions scored above most banks in the study despite credit unions being "stigmatized with the perception of falling behind on innovation."
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