SAN DIEGO — Members’ financial needs generally run deeper than a single product, and credit unions need to tap into those opportunities or competitors will.
The 27,000 members of the $261 million Alpena Alcona Area Credit Union in Alpena, Mich., can now deepen their online banking experience with a new personal financial management solution, the credit union said.
According to the Western Union Payments Money Mindset Index survey’s student debt data for the first quarter of 2012, Gen Y is more likely than any other generation to carry student loan debt, and 10% of Gen Y members are holding a hefty amount of it–$30,000 or more.
Western Union Payments Money Mindset Index survey finds 10% of Gen Y members owe $30,000 or more.
Northern Lower Michigan institution deploys MoneyDesktop to its 28,000 members.
Tarrah Palomino-Prim, assistant vice president of web services at SAFE Credit Union, believes there’s no such thing as an idea too crazy for consideration.