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“The question isn't what are we going to do. The question is what aren't we going to do.” “Oh, he's very popular, Ed. They all adore him. They think he's a righteous dude.” “That is why I need to show these kids that the example he sets is a first-class ticket to nowhere!” WOCCU #weCU2 presents @weCU2

Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

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Page 1: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“The question isn't what are we going to do.

The question is what aren't

we going to do.”

“Oh, he's very popular, Ed. They all adore him. They think he's a righteous

dude.”

“That is why I need to show these kids that the example he sets is a first-class

ticket to nowhere!”

WOCCU #weCU2 presents

@weCU2

Page 2: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Gen Y - Millennials

Born between ~ 1980 & 2000

2.5 billion globally

80 million in U.S.

75% of global workforce by 2025

Page 3: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“The question isn't what are we going to do.

The question is what aren't

we going to do.”

“Oh, he's very popular, Ed. They all adore him. They think he's a righteous

dude.”

“That is why I need to show these kids that the example he sets is a first-class

ticket to nowhere!”

“I weep for the future.”

Page 4: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“Ferris Bueller’s Day Off” was released in 1986. That means the quote above was from a Baby Boomer about Gen X.

Generational bias is nothing new. And it’s as worthless today as it was in 1986.

Page 5: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“The question isn't what are we going to do.

The question is what aren't

we going to do.”

“Oh, he's very popular, Ed. They all adore him. They think he's a righteous

dude.”

“That is why I need to show these kids that the example he sets is a first-class

ticket to nowhere!”

Page 6: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“He's the real deal, he's unbelievably thoughtful and deliberative, he's incredibly confident, but he has the capability, he freely changes his own mind. He's absolutely fearless and he has a cult-like following inside the company. People love working for him.“

This quote is from investor Mark Andreessen. About Mark Zuckerberg.

Who is 30 years old (hint: he’s a Millennial).

Page 7: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“The question isn't what are we going to do.

The question is what aren't we

going to do.”

Page 8: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

78% of Millennials would rather spend money on an experience than material possession.

77% of Millennials stated their best memories come from experiences.

69% of Millennials stated that their experiences make them feel more connected to their communities, other people, and the world.

72% of millennials prefer to increase their spending on experiences.

Source: Eventbrite 2014 survey

Page 9: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“The question isn't what are we going to do.

The question is what aren't we

going to do.”

“I am not going to sit on my a** as the events that affect me unfold to determine

the course of my life.

I'm going to take a stand. I'm going to defend it.

Right or wrong, I'm going to defend it.”

Page 10: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

More than 50% of millennials said that a company's involvement in various causes influenced whether or not they accepted a job.

Source : 2014 MILLENNIAL IMPACT REPORT

Millennials are redefining ‘charity’. Their interest isn’t just in donations. They are more interested in investing in the right causes. This mean an investment of their most valuable commodity. Their time. Their knowledge. Their skills.

“Millennials don't just want to read the news anymore. They want to know what they can do about it.” Source: Ian Somerhalder - The Future of News panel 2013

Page 11: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“The question isn't what are we going to do.

The question is what aren't we

going to do.”

“How can I possibly be expected to handle school on a day like this?”

Page 12: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Millennials are the nation’s most educated generation in history in terms of finishing college. Source: 2014 Pew Research

Millennials have over $1 trillion in student debt. Source: Bloomberg

The average member of Gen Y carries $45,000 in debt.

Source: PNC Financial Services

Page 13: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“Hi, do you speak English.”

“Uh, what country do you think this is?”

Page 14: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“Millennials’ diversity sets them apart from other generations.

Many U.S. Millennials are immigrants or the children of immigrants who arrived in the United States as part of an upsurge in immigration that began in the 1940s.

The share of U.S. Millennials age 20 to 34 who were born in a

foreign country is now around 15 percent – much higher than it was in 1950 and near the peak of almost 20 percent seen in 1910

during the last great wave of immigration to the United States.”

Source: White House Council of Economic Advisors – October 2014

Page 15: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Lightning Round Facts

Page 16: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Lightning Round Facts

Mobile engagement is a must

Page 17: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

We mean Gen Y seriously loves mobile

Page 18: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Gen Y loves tech

Page 19: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Gen Y hates fees

Page 20: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Millennials are Community focused

Page 21: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Millennials are family focused

Page 22: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Gen Y is social

Page 23: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Millennials understand that life moves pretty fast.

That’s why they stop and look

around once in a while to make sure they don’t miss it.

Then they take a selfie.

Page 24: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Charlie Sheen got old

Page 25: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

Any questions?

Anyone?

Anyone?

Page 26: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

The intersection of Millennials & Credit Unions

@_weCU2 weCU2.org

Page 27: Ferris Bueller's Gen Y Guide - Millennials & Credit Unions

“You’re still here?

It’s over.

Go home.”