How important are multicultural consumers to credit unions and banks? A TruStage study of African American, Hispanic and Asian consumers by CUNA Mutual estimates their collective buying power to be equal to Germany, the world’s fourth-largest economy. These segments represent the future for many institutions, with annual spending growth up to 5%. So here are five thought-provoking insights from the study, worth considering as you market to your prospective members and customers. Insight #1: Robust mobile...
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