RateDex-Advocacy & Benchmarking for CU Leagues

Brought to you by
Datatrac, Nebraska Credit Union League & Americas Credit Unions

Credit unions generally provide financial benefits to members through lower loan rates, higher savings rates, and fewer fees than banking institutions.  Datatrac RateDex’s quantify this benefit daily for your state and provides a co-branded competitive comparison resource for your member credit unions.

Datatrac RateDexs are generated in partnership with America’s Credit Unions (formerly CUNA) .  RateDex illustrates the estimated total benefits of credit union membership by calculating the value received in the difference between credit union and bank pricing. 

Who should attend?

• Credit union league executives, marketing & consulting staff
• Credit union advocates and lobbyists

What is included in RateDex?

• Deposit rate comparisons for your state
• Loan rate comparisons for your state
• Fee comparisons for your state
• Total member savings computed for all CUs in your state

What is RateDex used for?

• Member credit unions use RateDex for monitoring interest rate trends, setting rates and determining their giveback to their members.
• Leagues use RateDex for state and federal advocacy to prove to lawmakers the financial value credit unions bring to local markets.
  
  

  RateDex Methodology

  
  Average credit union savings account yields, loan interest rates and fees are compared to average bank savings account yields, loan interest rates and fees. The interest rate differences are then applied to respective average credit union loan and savings balances. Fee differences are weighted and applied to credit union non-interest income to obtain the total estimated benefits arising from fees.
  
  

About Datatrac

Datatrac is an independent, unbiased research firm that has monitored deposit and loan rates, fees and product features for over 35 years.  Datatrac built the largest database of interest rate data in America and maintain current interest rate data on over 100,000 banking locations in the North America.  Datatrac Great Rate Awards® certify that deposit and loan rates outperform the market average for comparable products. 

About Nebraska Credit Union League

The Nebraska Credit Union League is a not-for-profit trade association that represents the interest of Nebraska’s state and federally chartered credit unions and their nearly 520,000 members. The League was organized in 1934, and more than 70 years later, continues to focus on helping our member credit unions succeed. Based in Omaha, the League is a dynamic organization that provides an array of services to Nebraska’s credit union industry.  

About America’s Credit Unions

America’s Credit Unions (formerly CUNA) is recognized as the most influential financial services trade association. We make sure policymakers and regulators know why credit unions are the best financial services choice for Americans. Advocacy lies at the heart of everything we do for our members.