Millennials currently have more spending power than any other generation, and that spending power aligns with common lifestyle changes of their age range. Many are beginning to get married, have children, and tire of the frustrations of long-term renting. Although they are known for changing companies and even careers much more often than any previous generation, many millennials now have enough workforce experience that their savings, credit scores, and overall financial health would support a first-time home purchase.
How can you, as a credit union with a large number of millennial members, start to encourage millennials towards home ownership?
Here are three primary tactics that can assist you in reaching millennial members and driving mortgage volume.
