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The results of Market Rates Insight’s first nationwide integrated study on service fees revealed that credit union members are more willing to pay for “lifestyle financial services”–financial services that support mobile, efficient lifestyles–than bank customers are.

According to the San Anselmo, Calif.-based research firm’s study, with is based on a poll of more than 1,500 consumers nationwide, 68.7% of credit union members said they would pay an average of $3.63 per month for lifestyle financial services, compared to bank customers’ 66.3%. The top service consumers said they’d personally fund was identity theft protection, with more than 82% of all consumers saying they’d pay an average of $4.07 per month for the service. Coming in second was credit score reporting. More than 73% of all consumers said they’d pay an anverage of $3.39 per month for it.

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Natasha Chilingerian

Natasha has served as an editor for CU Times since March 2015. She also served as a communications specialist for Xceed Financial Credit Union (now Kinecta FCU) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer for more than 16 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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