A Harris Interactive poll shows just how bad consumer sentiment has turned towards big banks, but people love their credit unions. The online survey, fielded to 2,463 US participants age 18 and up in mid October, asked financial consumers about their level of trust, loyalty and overall satisfaction.
The study paints a bleak picture for banks, particularly BofA. Nearly one in ten BofA customers said they were not at all satisfied, and nearly the same number are not at all likely to continue using the bank. 15% rated BofA’s service “poor.”
On the sunnier side, people like their credit unions. Credit union members are twice as likely to be very- or extremely satisfied than bank customers. And almost nine out of 10 members say they are very- or extremely likely to continue using their credit union, about double that of bank customers. Credit union members are three times as likely as BofA’s customers to experience a trustworthy relationship and feel valued as a customer.
Fortunately for big banks, Harris Interactive says everyone won’t follow through on their threats to leave. The study showed that while only one-quarter to one-third of big bank customers are experiencing a positive overall relationship, almost half say they are likely to continue using the same institutions. ............(more)
The complete piece is at:
http://thefinancialbrand.com/20313/consumers-sour-on-big-banks-sweet-on-credit-unions/
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
