Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Banks at near bottom of trust poll
DALLAS (9/21/10)--About 52% of those surveyed for a recent Associated Press-National Constitution Center poll said they have little or no confidence in banks. The poll was conducted by GfK Roper Public Affairs & Corporate Communications. About 1,007 randomly chosen adults were interviewed through landline and cell phone calls (LoneStar Leaguer Sept. 20). Respondents also expressed distrust with the federal government and Congress (49%), and blogs (54%). Conversely, about 39% said they are “extremely” or “very confident” in small and local business leaders, the scientific community and organized religion. The poll is one of several in a series showing that consumers’ trust in banks is declining. According to a recent Chicago Booth/Kellogg School Financial Trust Index survey, 62% of American consumers surveyed said they trust credit unions.That compares with 57% for local banks, 35% for national banks and 27% for banks in which the government has a stake, according to the June poll by the Chicago Booth/Kellogg School Financial Trust Index (News Now Aug. 6). The New York Times also reported Sept. 9 that New York gubernatorial candidate Rick Lazio may have lost his bid because of his ties to JPMorgan Chase, where he worked as a lobbyist.


RSS print
News Now LiveWire
Hope FCU 'exceptional' in minority service: @GOBankingRates.com #NewsNow http://t.co/yp1JsKmGo0
6 hours ago
.@wpcu in the running for Dayton Brand Madness 2014 @DBJnews http://t.co/waOSDAGUtr
7 hours ago
.@NW_Banking looking for #creditunion entries for #CUFinLit contest to fund through http://t.co/E6GFvjd5XW
8 hours ago
#NewsNow: Fannie Mae, Freddie Mac consider VantageScore for alternate credit model. http://t.co/611II7AcKD
8 hours ago
Va. #creditunion league breaks ground on new HQ #NewsNow http://t.co/Cn24i1hOHV
9 hours ago