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.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
