Credit Unions Foster Financial Well-Being in Members, Survey Shows

Credit unions’ unique characteristics produce significant pro-consumer benefits, according to CUNA’s 2022 National Voters Poll. Conducted in January, the poll shows credit union characteristics unambiguously translate to greater financial resilience and higher levels of financial well-being for credit union members.

“These numbers paint a compelling picture that the credit union difference improves members’ financial well-being and advancing the communities they serve,” said CUNA Chief Economist Mike Schenk. “Most importantly, this data comes directly from consumers and shows the stark difference between credit union members and non-members. It demonstrates that credit unions continue to do right by their members. Modernizing fields of membership would allow credit unions to do even more to continue to advance financial well-being.”

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