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sitting down with credit union representative; switching from banks to credit unions

New Study Shows Why People are Switching From Banks to Credit Unions

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Recently, the national stage has seen a surge in credit union loyalty. Yet the age-old question remains: when it comes to picking a financial institution to keep your money safe, should you choose a credit union or a bank? Recently, a new study revealed why people are switching from banks to credit unions. We couldn’t help but wonder why. 

 

People Know What They Want

 

The study found that 57% of survey goers base their banking decision on comprehensive, up-front information about rates, services, and fees. Another 40% said they choose their banks or credit union based on recommendations from friends and family. 

 

The full breakdown of what people listed as their biggest draws tells the whole story:

 

  1. Transparent fees, rates, and services: 57%
  2. Competitive fees and rates: 42%
  3. Variety of Services: 22%
  4. Data protection: 13%
  5. Branch & ATM Proximity: 10%
  6. Adequate mobile app: 5%

 

What this tells us is that moving your money to a local credit union makes a ton of sense. That’s because credit unions are leading the field in terms of transparency, customer service, and competitive fees. For our members, DEXSTA is happy to help. 

 

Get Paid to Switch from Banks to Credit Unions

 

According to a recent Consumer Banking Insights Study, only 24% of nationwide banks offer free checking accounts. In comparison, 60% of credit unions offer their members free checking accounts. And thankfully, DEXSTA belongs to that 60%. Our free Kasasa Cash Back checking account actually pays you 3% cashback on debit card purchases.  

 

It’s not just our accounts that are making members join the credit union. It’s our e-services, too. In the recent past, national banks were known for rolling out the latest technology to help make things easier for their members. But now, credit unions have caught up. DEXSTA’s Mobile App makes it easy to get your banking done anywhere on the globe. And what’s better than traveling the world with a little slice of DEXSTA in your pocket?

When it comes to deciding between using a bank or a credit union, we’re in the camp that’s backed by studies. And these studies prove people love using credit unions like DEXSTA. So if you want to make a switch to your favorite credit union, now is the time to get in touch.

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