Credit unions save members hundreds of dollars in the form of lower interest rates, higher dividends, and fewer and lower fees compared to other financial institutions, CUNA data shows.

During the 2023 CUNA Finance Council Conference in Anaheim, Calif., CUNA recognized several credit unions with Benefits of Membership Awards for the exceptional savings they provide members.

The top credit unions by asset group and the annual savings they provide:

Less than $300 million:

• New York University Federal Credit Union ($569).
• Upward Credit Union, Burlingame, Calif. ($449).

$300 million to $1 billion: 

• Heartland Credit Union, Madison, Wis. ($680).
• On Tap Credit Union, Golden, Colo. ($657).

More than $1 billion:

• Star One Credit Union, Sunnyvale, Calif. ($3,460).
• Dow Credit Union, Midland, Mich. ($1,214).

CUNA’s Benefits of Membership Report provides a customized analysis that compares individual credit union rates and fees to those of local banks, and the resulting financial benefit to members. Learn more here.