Online Banking Adoption

Whose membership went all-in with online banking in 2010?

 
 

Could you live without the ease and convenience of technology in your everyday life? Neither can your membership. The availability of online banking and other online delivery channels is becoming less a matter of preference and more an expectation for all financial institutions, regardless of business models.

Many credit unions are ahead of their banking peers when its comes to online banking innovation and adoption rates. Here’s a look at the 10 credit unions with the highest rate of adoption for online banking offerings. Find this information in Callahan's 2011 Credit Union Directory.  

All data is of June 30, 2010 for credit unions with more than $20 million in assets. 

Rk Credit Union St Online Banking
Penetration Rate
Members Using
Online Banking
Total
Members
Total
Assets
1 REALTORS MD 100.00% 5,552 5,552 $72,709,038
2 SHREVEPORT LA 99.72% 15,254 15,297 $80,185,770
3 MATANUSKA VALLEY AK 97.10% 31,833 32,785 $330,254,696
4 O.A.S. STAFF DC 93.74% 5,360 5,718 $144,195,926
5 FIRE POLICE CITY COUNTY IN 93.28% 7,088 7,599 $82,243,321
6 POWER FINANCIAL FL 92.82% 45,987 49,542 $489,743,158
7 ISU IL 91.86% 9,304 10,128 $83,339,140
8 IDAHO STATE UNIVERSITY ID 90.51% 12,755 14,092 $103,455,225
9 ANDOVER MA 90.02% 2,173 2,414 $20,480,903
10 WESTERLY COMMUNITY RI 89.79% 14,171 15,783 $208,093,340

 

 

 

 

Dec. 23, 2010


Comments

 
 
 
  • These are phenomenal numbers. I wonder what the reasoning was for such a complete migration to online banking at the CUs.

    Great stuff!
    mike lawson
     
     
     
  • Thanks for another excellent marketing idea.
    Jennifer
     
     
     
  • Kudos to Realtors C.U. for 100% online penetration!!
    Jennifer