Credit union membership by state

[Wonkish1]

Any idea how they treat people like me who have banking relationships with many banks and credit unions?

A lot of people bank with more than one financial institution. So is it where you have most of your assets or if you bank at all with any credit union.



By the way, it isn't surprising that Virginia has the highest rate. Most of the best credit unions are based in Virginia. I personally bank with numerous credit unions from Virginia.

[Wonkish1]

Any idea how they treat people like me who have banking relationships with many banks and credit unions?

A lot of people bank with more than one financial institution. So is it where you have most of your assets or if you bank at all with any credit union.



By the way, it isn't surprising that Virginia has the highest rate. Most of the best credit unions are based in Virginia. I personally bank with numerous credit unions from Virginia.

I only posted data with credit union membership as a % of state population, they also have separate data on % market share of deposits rather than memberships. I'm not really sure how they handle people dealing with multiple institutions, probably their membership gets counted more than once?

People can be both credit union members and belong to a bank. So this could be counting people that mostly use the bank right? Just as long as they have a membership they get counted right?

I also hope they aren't counting based on the number of memberships at the institution and including that for the state of branch or headquarters location otherwise I've added a large number to the state of Virginia for example and I don't even live there.

[Wonkish1]

By the way, I highly recommend PenFed for folks on here. They are a tough underwriter, but they are basically unbeatable on credit products today. Small donation to a veterans charity and your in even when your not in the military.

[Wonkish1]

I also hope they aren't counting based on the number of memberships at the institution and including that for the state of branch or headquarters location otherwise I've added a large number to the state of Virginia for example and I don't even live there.

They probably are as it helps explain the huge percentage of members in Virginia, since the various credit unions used by the armed forces are mainly chartered there.

Yeah and its a who's who list of the biggest Credit Unions in the country by total assets.

[Wonkish1]

I also hope they aren't counting based on the number of memberships at the institution and including that for the state of branch or headquarters location otherwise I've added a large number to the state of Virginia for example and I don't even live there.

They probably are as it helps explain the huge percentage of members in Virginia, since the various credit unions used by the armed forces are mainly chartered there.

No shocker here.  Navy Federal and USAA are awesome for mortgages.  If you can get in, by all means do so.

I created a post saying something positive about PenFed too and it got deleted. I bet yours will too. Navy Federal might be the single best, but good luck getting in unless your currently in the military, retired military(full service or disability), or directly related to a member.