Written by Jenn Day | Apr 25, 2024 9:05:29 PM
Read the Financial Brand article here.
Here is a brief summary:
- Banks offer a wider range of digital banking features than credit unions, particularly in wealth management.
- Credit unions and banks have similar offerings in accounts, money transfers, and personal finance management, but banks have a slight edge on the web.
- Credit unions outcompete banks in open banking features, security, cards, and customer support on iOS.
- Digital wallets and junior accounts are untapped opportunities for credit unions to reach new markets and offer more inclusive financial services.