Niches, partnerships to shape CUs’ future

Plan for more business lending, less auto lending.

In today’s rapidly changing world, predicting trends more than a few months into the future can be a daunting task. Yet a long-term perspective is exactly what is required for long-term success.

While the financial services environment of 2030 is likely to be very different than today, the reality is that much of what we will see years into the future will stem from currently emerging developments.

Economically and demographically, 2030 will be a watershed moment. Baby-boomers will be deep into retirement, with the stresses this will place on our social systems.

Millennials will be moving into their peak earning years, and Gen Z (or whatever name is used) will be the new millennial, looking to buy homes and begin raising families.

 

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