Ten years from now in the year 2027 I envision the credit union industry as a more popular option for consumers. While the competition that credit unions face will undoubtedly be fierce, credit unions offer several benefits that their competitors do not. In my opinion, the growth of the the credit union industry will be heavily dependent on credit unions’ ability to attract younger consumers. What credit unions have that will attract younger consumers is the personalized feel that is not available elsewhere. In a society where individualized service is becoming more and more scarce, the ability to tailor to members’ needs is going to be a major selling point for credit unions to younger generations. Credit unions are one of today’s few examples
