Connecting Credit Unions with Communities

About the Podcast

Foundational credit union values can lead to profound impacts on your members and the communities you serve. Life insurance is one of the ways you can enact meaningful change. This September, use Life Insurance Awareness Month as an opportunity to start shining a brighter light on the role it plays in protecting members’ financial wellness and building a stronger community.

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Key Takeaways:

  • [03:03] The 2020 census finding was released in August and they found that the U.S. population was more racially and ethnically diverse in 2020 than it was in 2010. In 2010 whites made up 64% of the population and in 2020 it was 58%.
  • [04:32] The Federal Reserve Bank of St. Louis conducts a survey of consumer finances every three years. The most recent report was published in 2019, pre-pandemic. The feds found that two groups of millennials were struggling more than their peers, non-college-educated millennials as well as black millennials.
  • [06:50] We are at a point now where life insurance ownership is actually at its lowest level since LIMRA started tracking its annual survey. It has dropped by 11% overall since 2011.

Presented By

Kevin Cummer
Kevin Cummer

Senior Product Manager, TruStage

Kevin Cummer is a Senior Product Manager for Individual Life and Health Products with CUNA Mutual Group. In this role he is responsible for leading product development efforts and assisting in the oversight and management of TruStage Life and Accidental Death & Dismemberment (AD&D) products.

Cummer joined CUNA Mutual Group in 2005 as an Accounting Manager.  Prior to 2018, he served in various Senior Manager and Director roles in the Finance organization, providing financial support to various consumer insurance product lines as well as leading the company’s Financial Planning and Analysis team.

Carl Vanko
Carl Vanko

Program Specialist, TruStage

Carl is committed to helping credit unions reach more members and deepen member relationships. Through his deep knowledge of the marketplace and comprehensive understanding of TruStage Program portfolio, he is a key player in helping credit unions to profitability expand their book of business and create a better experience for their members.