GITNUX MARKETDATA REPORT 2024
Credit Union Membership Duration Statistics
The average credit union membership duration is approximately 7 years.
In this post, we delve into the intriguing statistics surrounding credit union membership duration, shedding light on the loyalty and longevity of credit union members. From the percentage of long-term members to the growth rates over the years, these figures provide valuable insights into the dynamics of credit union memberships.
Statistic 1
"46% of credit union members are aged between 45-64, indicating a long-term membership duration."
Statistic 2
"44% of credit union members have been with their credit union for over 10 years."
Statistic 3
"1 in 4 credit union members have had their membership for 20 years or more."
Statistic 4
"30% of credit union members have held their membership for less than 5 years."
Statistic 5
"Credit union member loyalty grew by 9% from 2017 to 2020."
Statistic 6
"The growth rate of credit union membership between 2016 and 2017 was 4.1%."
Statistic 7
"In 2018, credit union memberships grew at a faster pace than at any time in the previous 20 years, with a 4.9% increase over 2017."
Statistic 8
"Senior citizens are the longest duration category of credit union members, with a median tenure of 18 years."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
