Learn how credit unions in the U.S. and around the world successfully recruit millennial members.
Average loan balance rises from $16,694 to $17,090.
According to a recent study, 64% of millennials are as brand loyal or more than their parents.
On average, boomers only have one-third of retirement savings they'll need. Gen X isn't doing much better.
Baby boomers are just as wired, if not more, than their younger counterparts.
Experian Automotive says electric car buyers have higher incomes and credit scores than hybrid buyers.
Payment and predictive analytic firm FICO says a survey of financial institution risk officers finds confidence in growing consumer demand.
During a recent evaluation of a group of banks on customer effort levels required to interact in areas like branch banking, mobile websites, customer assistance and online banking, the results showed that the 45 to 65 age group, the most frequent bankers exerted the most effort to bank online.
The numbers in the latest Pew Research Center study of our banking habits tell the story.
Credit union membership today is undoubtedly diversifying. While this is a welcomed evolution, it requires supporting a growing number of diverse member expectations.