CUNA Deputy Chief Advocacy Officer and Chief Economist Mike Schenk describes financial well-being metrics recently gathered and summarized via CUNA research in this month’s Economic Update video.

“Survey results confirm the nation's not-for-profit, member-owned credit unions are not only consumers’ best financial partner, they also advance the communities they serve,” Schenk says.

He notes that credit union members:

• Display substantially greater financial resilience than nonmembers.
• Are significantly more likely to use financial education and counseling services.
• Are more likely to engage in behaviors that improve financial well-being and say their financial institution has improved their financial well-being.

Watch the Economic Update video below.