NEW YORK CITY (2/24/15)--An article from the personal finance news website MainStreet cited CUNA statistics to describe why more millennials are turning to credit unions as their financial institution of choice.
Between 2013 and 2014, nearly 2 million millennials became members of credit unions, a 2% increase, the article said, using CUNA data. Now 28% of credit union account holders are millennials and 26% are Gen X-ers, according to CUNA data.
The article offered seven reasons why millennials are turning to credit unions instead of banks. Those reasons include: