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.