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18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jennifer Quimson Jennifer Quimson is the Marketing Coordinator at Bluepoint Solutions and oversees the company’s customer communications including newsletters, email campaigns, social media channels, and resource development. Quimson holds a master’… Web: www.bluepointsolutions.com Details Millennials will soon make up the majority of the work force in the United States and are prime candidates for financial institutions looking to gain long-term members. Providing this generation with the resources, tools and technology it needs to prosper financially will prove to be an invaluable investment for credit unions.Credit unions that deploy a mobile-first strategy are ideally positioned to serve this generation. Mobile banking is already a staple technology in the banking realm, typically including features such as account balance transfers, remote deposit capture, and transaction reporting. According to a 2014 report by the Nielsen Company, 67% of Millennials are interested in their financial institution providing tools and services which help them create and monitor a budget. Taking the mobile channel a step further and providing an integrated tool to track spending habits and issue alerts for potential overspending or fraudulent activity would be valuable to Millennials, helping them stay on track with their financial goals.Bluepoint recently held a roundtable discussion with credit union partners to gather from-the-field perspectives. Learn about mobile- and technology-based strategies your peers have in place to meet the needs of younger members.Damaris Gonzalez, Marketing Manager of Central Credit Union of Florida, discusses the value of providing traditional banking services through the mobile channel:“If we want to attract the younger generations and build lifelong relationships with them, we need to have the solutions and features they’re looking for and be able to provide those features where they spend the majority of their time — their mobile phones. These members aren’t likely to need direct deposit for their income yet, and being able to offer them the ability to deposit their checks through their mobile phones adds a huge convenience factor.”Mary Isaacs, Executive VP, CFO of Altra Federal Credit Union, speaks about the importance of building long-term relationships with Millennials and how technology plays a role in these efforts:“We definitely have a focus on Millennials and have tailored our product offerings to better serve this group. Millennials are at the right age to borrow and they have a reputation for being on the leading edge of technology. Proving them with the ability to conduct all of their transactions via their smartphones or from their laptops will allow us to gain their loyalty and build long-term profitable relationships.”Mindy Peep, Marketing Communication Manager at Warren Federal Credit Union, highlights the importance of tailoring products and services to meet specific demographic needs:“Generation Y is our largest and fastest growing segment, and the transfer of wealth will dictate this generation as the future stakeholders at Warren. We can’t afford to be complacent and hope we gain the loyalty of this generation [later] when they are making more money. The time is now… it’s up to us to gain their trust now. We don’t dictate to them that they need technology or mobile apps. Instead, we analyze their needs and develop products and services based on that response.”Sam Whitehurst, CEO of Summit Credit Union, discusses the role technology plays in helping credit unions compete with big banks and outside-industry competitors:“Our goal is to create world-class technology where members can get that ‘big bank’ type of technology, but still enjoy that small credit union community service feel- that unprecedented standard of service and convenience. Combining high customer service with outstanding technology is the sweet spot that allows us to compete with the large national banks and bring products and services to increase member convenience and attractiveness for younger members.”Millennials are entering the workforce further behind financially and embarking on significant life events such as buying homes, leasing vehicles, and getting married later than previous generations. In fact, the Pew Research Center found that 69% of Millennials delay marriage due to concerns about financial stability, deeming a solid economic foundation as a necessary prerequisite for marriage. Providing the tools and technology they need to become and remain financially secure and able will allow credit unions to gain their loyalty and long-term membership.For more insights into millennial preferences and the best ways to reach this generation, read “Millennial Roundtable: Financial Education” and “Capturing the Heart of Millennials: How Community-Focused is Your Institution?”
New-look Alab Pilipinas win 5th straight, rout Slingers Jiro Manio arrested for stabbing man in Marikina OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award And although Maraguinot made up for her earlier mistake to give FEU a 9-7 lead, she would hit net in her service and Tolentino followed it up with another ball on the barrier that tied the set at 9-9.“I told them that the fifth set doesn’t end at 6-1 and I know that these guys are mature enough and they know how to handle this situation,” said Pascua.Basas and Pons had 14 points apiece to lead the Lady Tamaraws while Celine Domingo added 10.Maraguinot had 21 points to lead the Lady Eagles while Tolentino added 14.ADVERTISEMENT OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Sports Related Videospowered by AdSparcRead Next Michael Porter Jr. stays patient as playing time increases LATEST STORIES Nueva Ecija warehouse making fake cigarettes raided, 29 Chinese workers nabbed Nonito Donaire vs Naoya Inoue is BWAA 2019 Fight of the Year Almazan vows to comeback stronger after finals heartbreak View comments Don’t miss out on the latest news and information. Newsome sets focus on helping Bolts open new PBA season on right track FILE PHOTO – Tristan Tamayo/INQUIRER.netFar Eastern University went to work on a weekend and opened its campaign on a positive tune, edging Ateneo, 19-25, 25-21, 18-25, 25-20, 15-9, in the UAAP Season 80 women’s volleyball tournament Sunday at Mall of Asia Arena.Toni Rose Basas was instrumental in the Lady Tamaraws’ closeout of the fifth set scoring three straight service aces that put FEU up 12-9.ADVERTISEMENT Bernadeth Pons then secured the 14-9 match point for FEU with a sneaky kill right before Kat Tolentino put too much power on her last hit that finished the match.“This was a big morale boost for the players because this was our first time winning against Ateneo since Season 75,” said FEU head coach George Pascua, who’ll celebrate his 46th birthday on Monday, in Filipino.FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkFEU, though, started out flat in the fifth set falling behind 6-1 before Basas started hitting for the Lady Tamaraws.Basas had a hand in forcing Jhoana Maraguinot to hit net that cut the deficit to 6-5 then the fourth year Lady Tamaraw tied the set at 7-7. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew MOST READ
La Habra Heights will have to pay the county $3,500 as part of an agreement the council and county Board of Supervisors both must approve before the county will provide a formal bid. The three council members who voted to seek the bid said all they want to do is get more information to help them make a decision on where they should build a new fire station. “I’m looking for a hard number,” said Councilman Stan Carroll, who was joined in the vote to seek a bid by councilmen Layne Baroldi and Howard Vipperman. “It’s good to get information to add to the public discussion on where we’re going to locate the fire station,” Carroll said. “All we’re asking for is a quote. We’re not signing a contract. It’s just another piece of the puzzle. Carroll and others said they also were following the wishes of the public. Roy Francis, retired firefighter, said that petitions with 150 signatures have been collected in favor of seeking a county bid. LA HABRA HEIGHTS – The City Council has voted 3-2 to find out how much it would cost to contract with Los Angeles County for fire services rather than operate its own fire department. The action in the wee hours Friday came in a meeting that started Thursday night following an informal price of $4.1 million from Mike Dyer, chief deputy for the county Fire Department. For that amount, the county will provide one four-member engine company, and a two-person paramedic squad. The city now spends about $1.2 million for its volunteer fire department. But the two council members – Brian Bergman and Tela Millsap, who voted against seeking a bid, called it a “vote of no-confidence” in the existing fire department and accused the majority of delaying the decision on a new station. “It makes me wonder if it’s a stalling tactic,” Millsap said. Millsap also asked the majority if they would vote to raise taxes if the county bid came in significantly higher than what the city spends now. Carroll and Vipperman denied both charges, saying they support the existing volunteers. They also said there is no way the city would be able to spend more. Vipperman said he also isn’t sure the informal quote is a real price. He cited the fact that the county provides fire service to La Habra, where it has four stations, for nearly $6 million. Fire Chief John Nielsen, said he isn’t certain of the reasons for the difference, but one is that stations in La Habra also cover portions of unincorporated Whittier and La Mirada, allowing for the sharing of costs. But Bergman said he didn’t believe the city could get a lower price, adding the only way it would happen would be with significantly less service. “To think \ will come back at $1.7 million is a pipe dream,” he said. “If I sent an e-mail back with a $4.1 million price and came back with $1.7 million, I’d look like a fool. If it comes back at $1.7 million, you can throw a pie in my face.” [email protected] (562)698-0955, Ext. 3022160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!