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.

  • 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.
NOT FOR REPRINT

© 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.