Forbes recently released its list of “Best-In-State Banks and Credit Unions,” where two Dakota Credit Unions were named: Dakotaland FCU (Huron, SD) and Town & Country CU (Minot, ND).
The winners were selected based on consumer responses to an independent survey in each state, in which 26,000 consumers were asked to rate credit unions at which they have or previously had checking accounts. Credit unions were then scored on overall member satisfaction in the following areas: Trust, Terms & Conditions, Branch Services, Digital Services, Customer Service, and Financial Advice. The survey was conducted in conjunction with market research firm Statista; it was noted that many small credit unions were excluded from the research due to lower membership numbers.
Forbes went on to say, “Credit unions have long provided a way for their members who had money to lend to put it to work providing credit to members looking to take out a loan. Their nonprofit model blossomed across the United States during the twentieth century as groups of employees from large companies, school boards, local government, and the military came together to offer each other competitive interest rates on savings and loans on reasonable terms. Today there are more than 5,400 credit unions in the U.S. with total annual revenue of $91 billion.”
Of the more than 5,000 credit unions nationwide, just 171 credit unions made the Forbes list! The complete list of America's Best-In-State Credit Unions is available here.
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