Search: millennial

Are Millennials Finding You Attractive ?

As time marches on, we find Millennials coming into their most financially productive years, and they need financial services. In 2010, Gen Y made up only 17% of vehicle sales. Five years later, that number has grown to 28% of sales, while Baby Boomers and Gen X have flatlined or fallen back (according to J.D. […]

CUNA Webinar – Smart Deposit Strategy – NOW not Later

The loan-to-asset ratio of the industry continues to grow, contributing to a liquidity strain we haven't seen in years. This strain is compounded by complex changes in the competitive environment happening at lightning speed, millennials who are redefining banking, and an aging depositor base. For many credit unions, it is not unusual to have more than 65% of deposits with members who are 60 years old or older AND the largest slice of borrowers in their 50s. While it may not feel like a problem today, these trends shouldn’t be ignored.

FinTechs vs. Traditional Lenders – Is There a Difference?

TransUnion recently released a study comparing FinTechs to other lenders, and used personal loans issued between 2014 and 2016 as the basis for the study.  The study’s objective is to answer the question, “Are FinTechs different from other lenders?”  Interestingly enough, this is a question credit unions have been speculating on for years in an […]

Are Today’s Borrowers Finding Your Credit Union?

Today’s buyers shop differently than in the past. As the first generation of digital natives comes of age and begins to seek loans in earnest, research shows that they go about the buying process differently than previous generations, doing more research and getting more recommendations before interacting with sales people. The Zillow Group Report on […]

Don’t Let Poor Project Management Set Your Go-Live Dates

Three. The typical number of bottlenecks when it comes to credit union project management: IT, Marketing, Compliance. These three departments are tasked with to-do lists for many projects within the credit union – on top of their own projects and priorities. A huge concern is if go-live dates are set on a case-by-case basis, instead […]

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