young consumers on smartphones Source: Adobe Stock

With an estimated $360 billion worth of buying power and essentially zero loyalty to any specific financial institution, Gen Z is primed to significantly impact the financial sector as a whole. However, credit unions in particular are perfectly poised to become their financial institution of choice. There's just one problem. The current number of Gen Zers who use a credit union is fairly low, at about 19%. So why is this? And what can credit unions do to solve it?

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.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.