Who Uses Credit Unions?
Jinkook Lee, PhD, Professor of Consumer Science and Research Associate at the Center for Human Resources Research, The Ohio State University • Jul 29, 2007 1 Comment Who Uses Credit Unions, Fourth Edition by Filene Fellow Jinkook Lee, segments credit union and bank users into five categories. Lee uses the most recent information based upon the Federal Reserve Board]s database of consumer finances. The study provides updated data on age, income, wealth, education, occupation, race, ethnicity, gender, marital status, and geographic characteristics of heavy, light and non-users of U.S. credit unions. The author divided U.S. households into five categories: (1) those that use neither banks nor credit unions, (2) those that use credit unions but not banks, (3) those that use banks but not credit unions, (4) those that use both banks and credit unions but mostly credit unions, and (5) those that use both but mostly banks. The least affluent group of households uses neither a bank nor a credi
