There is good news and bad news for credit unions and millennials.

The good news is that 20% of millennials in the age group, 18-24, use credit unions as their primary financial institution.

The bad news is that only 10% of millennials, age 25-34, use credit unions as their preferred financial institution, according to the latest consumer finance trend survey released Thursday by FICO, a San Jose, Calif.-based analytics software company.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • 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.
NOT FOR REPRINT

© 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.