Own your banking

Rise in trust for customer owned banking


Credit Union SA

Member Experience Team

26 June 2018

| Credit Union SA

Credit Union SA today welcomed new research that supports a movement towards credible, strong and viable alternatives to the major banks, such as customer owned banking institutions.

An Essential Media poll has found almost half of all Australians have less trust in the big banks because of the Royal Commission into banking.

At the same time, trust in customer owned banking institutions is on the rise.

The poll found that because of the Royal Commission into banking:

  • 47% have less trust in big 4 banks
  • 18% have more trust in Credit Unions
  • 17% have more trust in Mutual Banks
  • 15% have more trust in Building Societies

For more on the poll results visit ownyourbanking.com.au and join the conversation on social media by using the hashtag #ownyourbanking.

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This article is intended as general information only and has been prepared without taking into account the personal financial situation, objectives or needs of the reader. Before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs. You should always seek professional advice or assistance before making any financial decisions.