Banks Have This Major Edge. Can Credit Unions Catch Up?

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.