NAFCU has supported the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) since it was introduced in November because of the relief it would provide to credit unions related to member business lending and the Home Mortgage Disclosure Act. Although parts of the bill do not directly impact the credit union industry, this could be the beginning of even more regulatory relief for you.
S. 2155 NAFCU-Backed Provisions
Add to Calendar 2021-04-15 09:00:00 2021-04-15 09:00:00 Attracting Younger Borrowers with Education Lending Listen On: Key Takeaways: [02:29] 66% of Gen Z are saying that they are worried about accumulating or not being able to pay off their student loan debt. More than 80% of respondents in that survey said they are going to attain at least a two-year degree. [03:21] 67% of student loan borrowers took out at least one additional product with the credit union who they finance their student loan through. It is a great opportunity to not only attract but to continue to retain and grow those relationships. [10:07] Franklin Mint wanted to offer the program to prospective members so they did print advertising, online advertising, outdoor advertising, and Pandora. The first 7 months of the year they averaged 300-400 visits to their student loan page. After the campaign, it went up to 1500-4000 visits. Web NAFCU firstname.lastname@example.org America/New_York public
Strategy, Marketing, Growth & Retention, Customer Engagement
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