WASHINGTON – NCUA Chairman Debbie Matz called on the credit union industry to turn more millennials into members Monday during CUNA's Governmental Affairs Conference before an audience of nearly 5,000 attendees.
"For each of us to do our jobs, we must all stay ahead of the curve," Matz said. "Making millennials into members, keeping pace with evolving technology and adopting strong cybersecurity measures will determine the future of your credit union."
Matz said millennials now outnumber baby boomers and are projected to inherit $30 trillion from their parents – the greatest generational transfer of wealth in history. That, she said, presents both challenges and opportunities, and she posed several key questions for credit union leaders.
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