Financial Benefits

Talking Points: The Benefits of Credit Unions to NC Consumers of Financial Services

  • Credit union members saved money in a variety of ways, including nearly $170 million due to higher rates on deposits, almost $125 million due to lower loan rates, and nearly $159 million due to lower fees.
  • Bank customers also saved money because of the presence of credit unions. Bank customers saved nearly $31 million due to the presence of credit unions in areas where they bank, while bank customers saved a whopping $46 million in a year by using the No-Surcharge ATM Network!
  • While the savings total is impressive, the real achievement is that credit union members and consumers had more money at their disposal. As a result, credit unions are helping hard-working residents invest in the NC economy, creating economic opportunity throughout the State!
  • The study once again shows the value credit unions bring to their nearly three million members, as well as all of NC!