Banks Are Missing Their Millennial Opportunity

Whether we’ll admit it or not, some of us shudder when we think of the millennial generation.  Regardless of the stigma they have, they are the future of this world.  So why are traditional financial institutions missing the mark when it comes to the millennials?

Check out Tara Garon’s article on this very topic here:  https://www.americanbanker.com/opinion/banks-are-missing-their-millennial-opportunity.

How Open Banking Can Benefit Credit Unions

Maintaining a balance between business needs and priorities and those of their customers is something that all businesses must do.  Many factors can affect that delicate balance.  When consumer needs change, the business must figure out how to change with it if they want to survive.

The same applies to the credit union industry.  While some still prefer the “traditional” way in handling their banking business, change must happen to meet the needs of the remaining membership.  Whether it be adding remote deposit capture, a rewards program, or instant payments, the credit union has to find a way to bring those changes in a cost effective and secure manner.  Open banking is one possible solution that credit unions could benefit from.  Check out this linked article from PYMTS for more on this topic: https://www.pymnts.com/credit-unions/2019/how-open-banking-can-benefit-credit-unions/.

Children’s Carnival

Nebraska credit unions will host the Carnival for Kids on Tuesday, August 8th, 2017. The events are held in the Children’s Hospital lobby for the children staying at the hospital or simply coming in to any of there outpatient care clinics. Their siblings are also welcome to attend. The carnival games, prizes, activities and crafts allow kids to be kids, forgetting for a brief period of time about their illness and treatment. The carnival also gives credit unions another way to give back to their community and provide credit union volunteers a chance to see first hand what our fundraising efforts are supporting.

To make this event happen, donations of $300 and 10-12 volunteers are needed. Your credit union can choose to make a financial donation towards the costs of the event or by providing volunteers to help.   All carnivals are held from 10:30 – 11:30 am in the lobby of Children’s Hospital at 8301 West Dodge Road, Omaha, NE. Volunteers will need to arrive by 10:15 am and be finished at 11:45 am. Credit Unions for Kids T-shirts will be provided for any volunteers who do not have one.  Click Here for brochure to donate or volunteer.   Email Melissa at mmausbach@nebrcul.org if you want to volunteer.

NCUL Peer-to-Peer Sessions

The Nebraska Credit Union League is pleased to announce a new education and networking initiative. Credit union professionals and volunteers are encouraged to join their peers at upcoming NCUL Peer-to-Peer (P2P) meetings. P2Ps include time for personal introduction, lunch, and discussion. These P2P events are meant to compliment both the distant and in-person learning opportunities already provided by the League. P2P sessions will take place throughout the year, across the state. Topics, time, dates and locations will vary. Please check the League calendar frequently for a list of updated sessions as well as other League sponsored education events.

 

Looking for Committee MembersYPCU Bowling

Want to get involved in something and make a difference? Join one of our Committees. Help us create events, workshops, and opportunities you’ve been wanting! We are looking for lots of Committee members from credit unions all over Nebraska. Don’t miss out on the fun and opportunities! Click here to see different committees. Contact us today at ypcu@nebrcul.org.

 

Upcoming Events

Want to know what’s going on?  Click here to see a schedule of upcoming events.

 

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