What credit union leads in online banking adoption?

 
 

According to 5300 quarterly filings, Country Federal Credit Union ($50.0M, Macclenny, FL) had 99.5% of its members using online banking as of September 30. Online banking is increasing in prevalence as members want to know their account balances and see transactions on the go. Online banking can also help free up tellers and help them focus on the more important and profitable transactions with members. Palmetto Health, Air Force, Advantage Plus, and Benchmark rounded out the top 5, all with over 97% online banking penetration.

The average online banking penetration rate for the industry was 41.7% in September, up from 31.0% in September 2008.

LEADERS IN ONLINE BANKING ADOPTION
DATA AS OF SEPTEMBER 30, 2012 FOR ALL CREDIT UNIONS OVER $20M
© Callahan & Associates | www.creditunions.com

  Credit Union State Online Banking
Penetration Rate
Members Using
Online Banking
Total Assets
1 Country FL 99.46% 4,570 $50,017,990
2 Palmetto Health SC 98.40% 12,413 $60,019,574
3 Air Force TX 98.34% 36,152 $350,246,120
4 Advantage Plus ID 98.15% 12,700 $112,154,434
5 Benchmark PA 97.07% 13,000 $250,682,464
6 NRL MD 96.85% 19,276 $459,113,729
7 National 1st CA 96.79% 13,255 $199,758,390
8 Cutting Edge OR 95.69% 3,688 $38,599,242
9 One Nevada NV 95.16% 72,543 $669,007,099
10 University TX 95.01% 148,619 $1,572,934,077
11 Members First TX 94.46% 11,417 $99,678,942
12 Amplify TX 94.16% 40,995 $605,989,279
13 Rio Grande NM 93.25% 19,712 $194,598,791
14 Chemcel TX 93.13% 8,041 $91,103,349
15 Franklin Trust CT 93.02% 5,475 $41,008,639
16 Miami University Community OH 92.61% 5,000 $52,792,187
17 O.A.S. Staff DC 92.59% 4,760 $154,083,940
18 United Energy TX 92.39% 4,093 $22,292,912
19 SD Medical CA 90.82% 5,300 $71,533,292
20 San Diego Firefighters CA 90.77% 3,254 $83,300,594


Generated by Callahan & Associates' Peer-to-Peer Software.

 
 

Jan. 16, 2013


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