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LONDON—A new study reveals what may be a surprise to many: Millennials are better savers than their parents, and Gen Yers with parents who have had a positive financial influence on them do even better. 

BOULDER, Colo.--Elevations Credit Union welcomes Ken Bauer, Vice President of Business Banking, to its team in Boulder, Colo. 

PARCHMENT, Mich.—The $1-billion Advia Credit Union has formed The Advia Foundation to focus on enhancing financial literacy, furthering education and improving overall quality of life for residents living within its service areas in Michigan, Wisconsin and Illinois, the credit union said.

DALLAS–Forty-six people have graduated from the National Credit Union Foundation’s Development Education program and are now Credit Union Development Educators (CUDEs).

ALPENA, Mich.–Alpena Alcona Area Credit Union said it generated more than 200 new loans using social media.

RICHARDSON, Texas—As credit unions face mounting revenue pressure, one analyst contends that adding insurance products to the mix can be key to generating the additional income being sought while at the same time also deepening relationships.

MIDDLETOWN, Penn.–MY CU Services said it is partnering with Softmart, a supplier of complete IT solutions, to offer a consultative approach to IT purchasing.

WEST JORDAN, Utah—The $5-billion Mountain America Credit Union has introduced EyeVerify, a feature on its mobile app that uses a cellphone’s camera to biometrically authenticate a user via an eye scan.

WASHINGTON–NAFCU and CUNA have joined with several other financial trade groups to urge the Department of Defense to extend a Feb. 1 deadline for financial institutions to inform the Defense Manpower Data Center of their interest in utilizing the DMDC database for purposes of determining borrower status under DOD's Military Lending Act regulation.

RANCHO, CUCAMONGA, Calif.—When it comes to marketing to members in 2016, credit unions need to pay attention to two important trends, insists CO-OP Financial Services.