New York, NY (July 29, 2025) |
Eleos Life (https://www.eleoslife.
According to the data, 70.4% of respondents said they’d stick with their credit union over switching to a traditional bank, a clear sign that people value the personal touch and community focus credit unions bring. Members are actively engaged, too: 77% said they interact with their credit union at least once a month, and nearly half (44.2%) do so weekly.
But the survey also pointed to areas of opportunity. While members love their credit unions, nearly half (43.3%) said they want a better mobile experience, and 22% said they turn to other financial institutions simply because the digital tools are better.
Insurance has shown to be a great area of opportunity for credit unions seeking to expand their services. While most members have some form of insurance, only a small portion obtained this service through their credit unions, leaving both revenue and engagement on the table.
“Credit unions have an incredibly strong foundation of trust,” said Kiruba Shankar Eswaran, CEO at Eleos Life. “This makes them an ideal vehicle for delivering needed financial protections, helping bridge the protection gap for uninsured communities.”
Key findings from the survey included:
- 70.4% of members would pick their credit union over a traditional bank
- 77% connect with their credit union at least monthly (with 44.2% doing so weekly)
- 43.3% wish digital tools—especially mobile—were better
- 43.8% aren’t familiar with insurance from their credit union
- Members want: investment options, better mobile tools, and personalized advice
To access the full report, please visit https://go.witheleos.com/
CEO, Eleos Life
