Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PRINCETON, N.J.- Credit unions may not trust bankers, but consumers trust their banks. Banks came fifth place among 15 basic American institutions in public confidence, according to new Gallup Poll News Service data. Half of 1,029 adults surveyed said they had a “great deal” or “quite a lot” of confidence in banks, up from a low of 30% in March of 1993. Men and women were fairly equal in their confidence levels with 51% of men and 50% of women responding that they had a “great deal” or “quite a lot” of confidence in banks. Older Americans had slightly less confidence (54%) in banks than those aged 18-49 (58%). However, the spread between conservatives and liberals was the largest with 62% of Republicans saying they had a “great deal” or “quite a lot” of confidence in banks and only 47% of Democrats responding similarly. Just 44% of Independents said they had high confidence in banks. Coming in first in the Gallup poll was the military at 82%. Newspapers ranked tenth (33%); Congress was eleventh with 29%; and the lowest ranked were health management organizations at 17%. These figures varied little from last year, according to Gallup. Banks climbed 3%, while newspapers fell 2%. Congress remained the same.

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?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.