Even as checking account profitability declines, competitors are betting on checking.
A Corporate Insight study reveals how four financial services sectors, including credit unions, can appeal to millennials.
Technology is required to attract younger new members.
Competition is fierce between banks and credit unions for Gen Y consumers.
Credit unions aren't well positioned to capture the $30 trillion baby boomers are expected to pass on to their children.
Western Union study reveals most young adults prefer electronic account access.
Credit unions make no secret about their desire to attract Gen Y members. But are the Millennials worth the effort?
Millennial-oriented products like mobile wallets are great, but the generation doesn't have enough disposable income to fully benefit.
Surge in tablet usage drives trend; 51% say they own one.
In their quest to make long-lasting connections with Gen Y, some credit unions are learning the hard way that authenticity may be the key. With their ability to see through fake attempts to be hip, Millennials instead crave details on how financial products and services will benefit them—and the answers...