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Time to take a moment to toot our own horn—credit unions are pummeling the banks in a consumer satisfaction contest! We’re really not surprised, but here are the details:
The American Consumer Satisfaction Index, an annual University of Michigan project, shows that credit unions held steady their 2008 ranking of 84 out of 100 in 2009. By contrast, the big banks—Bank of America, JP Morgan Chase, etc.—have fallen to an industry low of 67. That’s an 8% drop from 2008.
The latest Chicago Booth/Kellogg School Financial Trust Index, which measures consumer trust as opposed to satisfaction, showed similar results. Credit unions had a 58% approval rating, compared with a 31% approval rating of national banks and 53% of local banks.
Well, credit unions are the choice of more than 91,000 people in the U.S. And of course, we would be nothing without you. Thank you for choosing us and placing your trust in us!
Here are some more local ideas that, once you get there, won’t cost you a dime!
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Know of more great, free events and activities? Share your suggestions and help us grow the list! |
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It’s a world-wide party! More than 177 million people across the globe—from Kentucky to Kenya, Alberta to Azerbaijan—are celebrating International Credit Union Day, Oct. 15!
So what? These 177 million people have chosen, just like you, to be more than a customer; they’ve chosen to be a member. Whereas banks belong to shareholders, hoping to profit from your transactions, as a credit union member you benefit from any earnings—through better rates and value-added offerings. In these troubled economic times it’s important to remember that it’s Your Money, Your Choice, and Your Credit Union! |
Fraudulent debit and credit card transactions are on the rise, originating from 6 countries in particular
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Go Green with e-Statements! E-statements use a lot fewer resources with electronic delivery and
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Recently MidWest Financial Credit Union’s Board of Directors held three Member Focus Groups in an effort to better understand
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Mwfcu.org now has a whole new look! We hope you find the new site easier to navigate and
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