Matz Warns CUs’ Future is with Younger Members
NCUA Chair Debbie Matz told the attendees at the National Directors Roundtable Conference that those credit unions that are not successful in attracting younger consumers may not survive. Matz reported that the average age of a credit union member is 47, while the peak borrowing years for consumers is 25 to 44, adding that offering the latest technology and promoting credit unions through new media may be key to survival. [10/8/15]