Credit Union Members More Optimistic About Economy, Survey Finds
A survey conducted by the Discover Financial Services has found that credit union members surveyed have a more optimistic view of the economy than do consumers generally.
The Discover U.S. Spending Monitor surveys 8,200 adults a month about their spending intentions as well as opinions about the U.S. economy and their personal finances. Since June 2010, the survey has also asked if the adults are credit union members.
The survey found that credit union members who rate the U.S. economy as “good” or “excellent” doubled to 18% in April compared with a year earlier.
The survey also found credit union members have more positive attitudes about the economy than non-credit union members with just 14% of non-credit union members rating the economy as “good” or “excellent.”
In addition, 47% of credit union members rate the economy as “poor,” a decrease of 9 % from a year earlier.
The card brand also found that the number of credit union members who believe the economy is getting better jumped in the past year, with 37% of respondents reporting that the economy is improving. That is 11% higher than a year ago.
At the same time, only 44% of credit union members believe the economy is getting worse, compared with 50% of non-credit union members.