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Credit Unions Turn to Members to Help Shape Innovation

  • Credit unions, particularly smaller banks, are embracing member input to drive innovation and attract more primary account conversions.
  • 53% of credit union members have chosen credit unions as their 'top of wallet' financial institution, leaving room for credit unions to increase card usage.
  • To meet members' digital needs, credit unions are planning to invest in self-service solutions like mobile banking and digital onboarding.
  • Top-performing credit unions invest in innovation, aligning with customers' preferences 77% of the time, resulting in lower member churn and higher assets.

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