Welcome!

News Feed Item

GOBankingRates Finds 49 of 50 Largest Credit Unions Offer Everything Users Want in Mobile Banking

GOBankingRates surveyed the biggest credit unions in the U.S. and investigated how their mobile banking services stack up

LOS ANGELES, April 2, 2014 /PRNewswire/ -- According to new findings from personal finance site GOBankingRates.com, a majority of the largest U.S. credit unions offer the same mobile features as their banking counterparts.  Credit unions have often been compared unfavorably to big banks when it comes to keeping up with mobile banking technology, the second most important banking feature among consumers looking for a new financial institution1.

GoBankingRates.com is a personal finance website that connects consumers with the best interest rates nationwide

Jennifer Calonia, senior editor of GOBankingRates states, "Big banks need to watch out. Customers who were once hesitant about credit unions are now realizing the technological advances these institutions provide at a huge value. It's the intimate customer service experience their parents praised, fused with the innovations younger generations crave -- a one-two punch."

CLICK HERE to see the complete findings: http://bit.ly/1mtnJFv

"Members expect to connect with their financial institution anytime and anywhere. They want to be able to access their money when it's convenient to them and through the channels that are most convenient to them," Sonya McDonald, vice president of planning and market development at RBFCU, one of the largest credit unions in the country, told GOBankingRates.

GOBankingRates surveyed 1,500 people to get their opinion about the following question: "What mobile banking feature do you use most often?"

Responses were as follows:

  • Balance inquiries: 36%
  • ATM/branch locator: 19%
  • Money transfers: 14%
  • Account activity alerts: 10%
  • Remote check deposit: 10%
  • I don't use mobile banking: 10%

The side-by-side comparison revealed that 42 of the top 50 credit unions provide all five mobile banking features. Additionally, 49 of 50 institutions offer at least the top three most-used mobile services.

To see a breakdown of which mobile features are offered at the 50 largest credit unions, go to http://bit.ly/1mtnJFv.

1 GOBankingRates, "45 Percent of Bank Customers Care More About Fees Than Rates, Convenience and Service," (Feb. 2014).

GOBankingRates referenced Bauer Financial's list of the top U.S. credit unions by asset size, investigating each institution to see if it offers the five most popular mobile banking features.

About GOBankingRates

GOBankingRates is a personal finance website that connects consumers with the best credit unions, banks and interest rates nationwide. Its editors are regularly featured on U.S. News, Forbes, Huffington Post, and Business Insider.

Logo - http://photos.prnewswire.com/prnh/20130926/LA86996LOGO

For questions, contact:

Connie Lundegard
[email protected]
310-297-9233x112

SOURCE GOBankingRates

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and atten...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to m...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.