Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
NerdWallet Announces GenY CU Contest
NEW YORK (5/3/13)--Nerdwallet is holding a contest to encourage credit unions to come up with innovative far-reaching ways to reach Gen Y.

Generation Y makes up about 25% of the population, but only about 9% of credit union membership. At the same time, this tech savvy generation needs help from credit unions in the form of lower fees, higher savings rates and better financial literacy rates, Nerdwallet said.

Credit unions are eligible for the top overall prize of $2,000 and the runner-up prize of $1,000. One credit union under $500 million in assets and one credit union under $100 million in assets are each eligible for additional $1,000 prizes.

Entrants will be judged on a "commencement speech" that provides financial literacy advice to Gen Y and a proposal for using the funds awarded in the contest.

Contest participants will receive:

  • Access to the Gen Y ideas generated by other participants;
  • A listing in Nerdwallet's credit union search tool and chance to be features in the Nerdwallet blog; and
  • The potential to collaborate with Junior Achievement to receive financial literacy resource materials and training.
Bucky Sebastian, National Credit Union Foundation executive director, is among the judges for the contest.

For more information, use the link.
RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
14 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
17 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
17 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
18 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
19 hours ago