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
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...