‘A vein of optimism’

The evolution of the workforce and society provides hope for credit unions, Filene's Mark Meyer says.

The evolution of the workforce and society over the next decade provides a “vein of optimism” for credit unions, says Filene Research Institute CEO Mark Meyer, citing his organization’s findings.

As government and businesses increasingly struggle to meet the financial needs of consumers—including many who will be swept into the “gig economy” by technological advances and automation—the need for self-help solutions will grow. The cooperative finance model is well-suited to serving that audience.

“There will be a great need for creative financial services solutions to meet that dynamic of what’s going to transpire in the employment pool,” Meyer says.

 

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