{"id":5060,"date":"2024-03-15T14:56:51","date_gmt":"2024-03-15T19:56:51","guid":{"rendered":"https:\/\/www.ncultheaffiliate.com\/?p=5060"},"modified":"2024-03-15T14:56:51","modified_gmt":"2024-03-15T19:56:51","slug":"introducing-filenes-new-center-of-excellence-the-center-for-the-next-generation-of-membership-growth","status":"publish","type":"post","link":"https:\/\/www.ncultheaffiliate.com\/?p=5060","title":{"rendered":"Introducing Filene&#8217;s New Center of Excellence\u2014The Center for The Next Generation of Membership Growth"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;]<\/p>\n<p><img loading=\"lazy\" class=\"wp-image-5062  alignright\" src=\"http:\/\/www.ncultheaffiliate.com\/wp-content\/uploads\/2024\/03\/Picture5.jpg\" alt=\"\" width=\"231\" height=\"123\" \/><\/p>\n<ul>\n<li><strong>Fact: The average credit union member is in \u00a0\u00a0\u00a0their mid 50s.<\/strong><\/li>\n<li><strong>Fact: Less than 20% of Americans under the age of 40 use a credit union.<\/strong><\/li>\n<li><strong>Fact: Credit Unions need loans to generate revenue and fund their deposits. <\/strong><a href=\"http:\/\/Hint...prime\"><strong><em>Hint&#8230;prime<\/em><\/strong><\/a><em><strong> borrowers are in their 30s and 40s.<\/strong><\/em><\/li>\n<\/ul>\n<p>The aging credit union member has been a challenge in the industry for decades, but reality is starting to set in that we are in for a major demographic tsunami\u2014think about it, if the average age for a credit union member is 53, ten years from now they will be 63. Consumers in their 50s and 60s are not at a point in their financial lives where they need loans, unlike Millennials and Gen Zers.\u00a0<em><strong>If your credit union is focused on profitable growth you need to get serious about attracting and engaging Millennials and Gen Zers.\u00a0<\/strong><\/em><\/p>\n<p><strong>Solution: Filene&#8217;s New Center for The Next Generation of Membership Growth<\/strong><br \/>The goal of this center is to identify strategies, including internal and external practices, to attract, engage and retain the next generation of credit union members.\u00a0<\/p>\n<p><a href=\"https:\/\/marcom.filene.org\/e\/279342\/eneration-of-membership-growth\/29h1jx\/1733053224\/h\/cdMtsqMizmABVG0x8y-TJZw5LoKpA1BJB8NLsoC-mkw\">Check out our latest blog post<\/a> highlighting the announcement\u00a0of this new research center and for more information on key objectives and how your credit union can <a href=\"https:\/\/marcom.filene.org\/e\/279342\/forms-be-part-of-inner-circle\/29h1k1\/1733053224\/h\/cdMtsqMizmABVG0x8y-TJZw5LoKpA1BJB8NLsoC-mkw\">join us<\/a> on this exciting new journey that will have a tremendous impact on the future growth of our industry.\u00a0\u00a0<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n  ","protected":false},"excerpt":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;] Fact: The average credit union member is in \u00a0\u00a0\u00a0their mid 50s. Fact: Less than 20% of Americans under the age of 40 use a credit union. Fact: Credit Unions need loans to generate revenue and fund their deposits. Hint&#8230;prime borrowers are in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/5060"}],"collection":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5060"}],"version-history":[{"count":0,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/5060\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}