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
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
For years the world's most security-focused and distributed organizations - banks, military/defense agencies, global enterprises - have sought to adopt cloud technologies that can reduce costs, future-proof against data growth, and improve user productivity. The challenges of cloud transformation for these kinds of secure organizations have centered around data security, migration from legacy systems, and performance. In our presentation, we will discuss the notion that cloud computing, properl...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.