Only 31% of Americans bank with credit unions. This report explores how enhancing digital support and financial education can attract and retain more members in a competitive landscape.
Credit unions' community-focused philosophy should make them the natural choice for banking, but they are losing ground to traditional banks and fintech challengers. There's a clear risk of losing relevance, especially with younger generations.
Member loyalty and engagement must be earned. Is your credit union doing enough? How can your institution reverse this trend?
This report analyzes the digital offerings of top credit unions and reveals a significant opportunity. By strengthening digital support and financial education, credit unions can leverage their high trust scores to win significant market share.
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