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Fintech Summer Webinar Series | Silvur- August 13, 2024


    • Silvur
    • Presenter: Rhian Horgan, Founder & CEO
    • Session Title: How Credit Unions are Deepening Relationships with Their Largest Depositors: Members age 50+
    • Retirement is a universal milestone, with 99% of members eventually retiring, not just the 2% served by wealth managers. Confronted with uncertainties about government benefits, complex redemption processes, and an overload of information, today’s retirees are consolidating their assets across fewer institutions and depositing their retirement income where they feel most supported. 

      Social Security represents the largest retirement asset for your members, signifying a valuable 25-year, direct deposit relationship. However, most credit unions capture only 20% of these flows, which highlights a significant opportunity for growth. And, Americans over 50 hold 83% of the nation's personal wealth, while a single financial institution typically manages less than 3% of their assets.  

      These trends indicate the critical need for solutions that credit unions can use to effectively retain retirement-age members during asset consolidation and to nurture these relationships to expand wallet share throughout their retirement. Join the award winning CUSO Silvur to learn more about the steps credit unions can take to support all retirement-age account holders at scale, capitalize on the account consolidation process and strengthen your deposit base. 

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