Credit Unions and USAA Lead Banks in 2013 Temkin Experience Ratings
March 26, 2013 5 Comments
We recently released the 2013 Temkin Experience Ratings that ranks the customer experience of 246 companies across 19 industries based on a survey of 10,000 U.S. consumers. Here are highlights from the banking industry:
- The banking industry has been steadily improving over the last three years, from an average Temkin Experience Rating of 62.0% in 2011 to 68.6% this year. Banks also made the largest improvement of any industry between 2012 and 2013, gaining 3.4 percentage points.
- Credit unions take first place in the industry for the second straight year with a rating of 79%. USAA earned the second spot with a rating of 78% followed by ING Direct and TD Bank that tied for third place with ratings of 74%.
- The lowest-ranked bank is HSBC, earning a score of 57%. It also earned the lowest functional, accessible, and emotional ratings. The two next lowest banks are Capital One (62%) and Bank of America (63%).
- Credit unions lead in the functional and accessible components while USAA leads in the emotional component.
- Citibank improved by 15 percentage points between 2012 and 2013. This gain represents the largest improvement by any company across all industries.
- Regions also had a significant improvement of 10 percentage points over the last year.
- PNC had the worst decline from 2012 to 2013, experiencing a loss of six percentage points. HSBC was the only other bank with a ratings drop since last year.
- Here’s a link to industry results from the 2012 ratings.