According to new research, those credit unions that provided investment services to their members in 2013 experienced a 9% increase in penetration, beating out banks.

The finding came from Kehrer Bielan Research & Consulting's 2013-2014 Kehrer Bielan Credit Union Investment Services Benchmarking Study, which culled data from 905 credit unions with investment services offerings and a survey of a sample of 46 credit unions about the workings of their investment services businesses.

"The typical credit union in our survey generated $1,514 in revenue from investment sales per million of member deposits, compared to $1,384 per million of consumer deposits for the banks in our survey of large banks that own their own broker dealer," said Tim Kehrer, director of the survey and a senior research analyst at KBR&C.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical 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 and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.