Young Americans are inundated with credit card offers and many of them are barely treading the water of the resulting debt. College students in their final year carry an average of $2,864 on their cards, according to data from student loan giant Nellie Mae (See Cold Hard Facts). Graduate students, on average, carry more than three times as much. At least one major credit card issuer has made new student accounts 25% of its annual new card goal, according to author Anya Kamenetz. And students aren’t the only ones building mountains of high-interest debt at an early age.
Report #408 | | From the Archives | Members
Personal financial management (PFM) is one of the most promising technology trends in banking. This report provides critical insights on this emergent consumer need.
Report #399 | | From the Archives | Members
Middle-income consumers have distinct needs when it comes to personal investment opportunities. By understanding the financial preferences of middle income consumers, credit unions will be adequately equipped to better serve members interested in wealth management services and products.
Report #376 | | From the Archives | Members
In the year 2025 credit unions will operate on a financial landscape that bears little resemblance to the system of today. Technological disruption, increased regulation, changing consumer behaviors, and asset growth will all contribute to the reshaping of the global financial ecosystem.
Report #359 | | From the Archives | Members
Credit unions and other cooperatives should work better together. Credit unions would win more members and growth opportunities, and cooperatives could earn billions in extra income over time by moving deposits to their cooperative cousins.