The majority of U.S. consumers belonged to large or national retail or commercial banks at the end of 2022. According to a survey carried out in November 2022, 55 percent of U.S. consumers belonged to such financial institutions. Credit unions were the second most common financial institutions, with 30 percent of the respondents indicating membership in a credit union. Neobanks ranked fourth, with 14 percent of consumers belonging to at least one digital-only bank.
Share of consumers at different financial institutions in the United States in 2022, by type of institution
The source adds the following information: The study participants were chosen and adjusted to ensure they accurately represented the national demographics in terms of age, income, gender, and ethnicity.
No further methodology notes were provided by the source.
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National Research Group. (January 17, 2023). Share of consumers at different financial institutions in the United States in 2022, by type of institution [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1396063/share-of-consumers-by-financial-institution/
National Research Group. "Share of consumers at different financial institutions in the United States in 2022, by type of institution." Chart. January 17, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1396063/share-of-consumers-by-financial-institution/
National Research Group. (2023). Share of consumers at different financial institutions in the United States in 2022, by type of institution. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1396063/share-of-consumers-by-financial-institution/
National Research Group. "Share of Consumers at Different Financial Institutions in The United States in 2022, by Type of Institution." Statista, Statista Inc., 17 Jan 2023, https://www.statista.com/statistics/1396063/share-of-consumers-by-financial-institution/
National Research Group, Share of consumers at different financial institutions in the United States in 2022, by type of institution Statista, https://www.statista.com/statistics/1396063/share-of-consumers-by-financial-institution/ (last visited November 22, 2024)
Share of consumers at different financial institutions in the United States in 2022, by type of institution [Graph], National Research Group, January 17, 2023. [Online]. Available: https://www.statista.com/statistics/1396063/share-of-consumers-by-financial-institution/
