Credit unions have an edge over banks in the eyes of its members as a source of financial advice, according to a survey by a consumer analytics company.

The online survey by Akron-based Segmint Inc. found 51% of members looked to their credit union for financial guidance, compared with 50% of big national bank customers, 42% of regional bank customers and 37% of community bank customers.

Only 28% of credit union members agreed with the statement, "I wish my bank better anticipated my financial needs and offered me more timely advice," compared with 38% of big bank customers, 35% of regionals and 30% of community banks.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.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.

Jim DuPlessis

A journalist for decades.