Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Survey How CU members celebrate the holidays
MADISON, Wis. (11/21/12)--How do credit union members celebrate the holidays? TruStage, the consumer brand of CUNA Mutual Group, surveyed 750 members about their holiday celebrations and traditions that matter most to them.

The study focused on the importance of the upcoming holidays, family traditions and memories of past experiences.  Of members surveyed, 97% consider Christmas as the main holiday to be with family members. However, Thanksgiving is the most important holiday to connect with multiple generations of family members.  Half of those surveyed celebrate Thanksgiving with members of three generations.

"Part of our new consumer focus is to surface the stories and emotional mindset of how credit union members are thinking and feeling," said Susan Sachatello, senior vice president of TruStage. "Every time we talk with members, they tell us that the generations before them made

decisions that allowed them to be where they are today.

"Since this holiday season is an important time of year to get multiple generations together, we wanted to understand what traditions and celebrations matter most and are passed from generation to generation. This survey shows just how important it is for members to connect with multiple generations of their families," Sachatello said.

Although the survey found that Christmas is the "most important holiday," 79% of respondents indicated that sharing a special meal is the most important part of a holiday. In that regard, Thanksgiving ranked highest.

Another key finding:  Nearly two-thirds (64%) of members said they intend to donate to charities and organizations  this year at the same level they donated in 2011. What's more, 13% others said they plan to increase their charitable giving this year. "That might be because of the economy stabilizing, but it's remarkable to see that 77% of credit union members plan charitable donations at or above the levels they gave last year," Sachatello said.

TruStage's consumer team is always exploring what's on the minds of credit union members, she said. "The election is over, the holidays are coming and this survey indicates credit union members are looking forward to the holidays as a respite from the noise and stress the rest of the year brings and returning to focus on what really matters most to them."

For a colorful infographic available for free use and distribution, use the link.
Other Resources

RSS print
News Now LiveWire
How #creditunions use FHLBs in their operations, Part 3 #NewsNow #System http://t.co/DXgRqXiRAn
1 hours ago
Retirement reality fairs: Looking at post-work futures today. #NewsNow http://t.co/IcM4uK3IOl
1 hours ago
#HomeDepotBreach: What it means for consumers with 56 million compromised cards See #NewsNow http://t.co/9MJ9JTnHYC
1 hours ago
Welcome to Jim @Nussle as @CUNA pres/CEO today #NewsNow http://t.co/Y2pRFv6diW
2 hours ago
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
17 hours ago