For the first time this year, an equal number of registeredvoters replying to a CUNA survey said they considered credit unions better thanbanks as a place to put a day-to-day checking and savingsaccount.
|CUNA has conducted the phone survey of 1,000 registered votersdrawn from across the country early in each year since1998.
|Richard Gose, senior vice president for political affairs forCUNA, reported that 53% of the voters surveyed reported that creditunons were the better place for consumers to put money forday-to-day checking and savings. The same percentageresponded that banks were the best place. The numbers added up tomore than 100 because 10% of respondents had responded with both,Gose said.
|“If you take them out of it, the numbers would have been 43% forcredit unions and 43% for banks,” he added.
|Gose likened the survey response to a question about whichinstitutions, banks or credit unions, should be considered morefinancially sound and stable. Answers to that question had beenlopsided in favor of banks until credit unions gradually pulledeven and now dominate the question, Gose explained.
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:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 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.
