MADISON, Wis.–CUNA Mutual Group has released a new “What Matters Now” consumer research that explores multicultural and multigenerational consumer insights.
The report is the fifth in the series of research and this year includes data on Native American, Alaskan Native and Indigenous consumers, as well as qualitative data, shining a light on human experiences behind consumer data, according to CUNA Mutual.
“As our country continues to become increasingly multicultural, this research shines a light on the experiences and voices of multicultural consumers and provides meaningful data to guide credit unions’ multicultural business strategy,” said Opal Tomashevska, director of multicultural business strategy for CUNA Mutual Group. “From product preferences and ownership to financial habits to consumer worries, hopes and dreams, this report contains insights to help our industry better serve all consumers and live into our founding purpose of people helping people,” the company said.
Nearly 10,000 Participants
CUNA Mutual added that with nearly 10,000 multicultural and multigenerational participants across the country, the report is developed and digested specifically for credit unions.
In addition to data insights, What Matters Now also includes action steps for credit unions to help members and their community achieve financial wellbeing, CUNA Mutual added.
“With multicultural consumers being the growing force, and as Gen Z and Millennials continue to change life stages, we need to understand all parts of their identity and serve them with intentionality,” said Tomashevska. “It’s not enough to just know the what, we also must know the why if we want to make real change to help more members.”
Key Themes
According to CUNA Mutual, the key themes included in this year’s report are designed to help you do precisely that:
- People: Understanding today’s multifaceted consumer and being ready to serve tomorrow’s consumer, acknowledging groups that have been left out
- Emotional Fluency: Understanding people’s hopes, dreams and worries
- Solutions for Financial Wellbeing: Understanding what products and services people are using to survive and thrive
- Connection: Understanding how people interact and get information about primary financial institutions (PFIs) and what they offer
- Evolving Consumer Expectations: Understanding how the pandemic and this point in history has shaped what people expect from financial institutions and how to show up for consumers now.
To read the report, go here.
The Very Best in CU Reporting. For You. For Free. Or Your Money Back.
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.