3 myths about young people and credit unions

first_imgSince the beginning of time, older generations have been claiming that “kids these days” are somehow in worse shape than their elders ever were — don’t let your credit union fall into that same dismissive mindset!If you haven’t thought much about bringing young people into your credit union or incorporating younger generations into your financial institution’s marketing strategy, it’s time to reconsider. First things first, let’s clear up some popular misconceptions about young people and finance:Myth #1: Young adults aren’t a very valuable market for credit unions. It’s true that teenagers and twenty-somethings haven’t yet reached their prime borrowing years — but it’s also true that much of the current credit union market has passed that stage of their financial lives! Finance experts will tell you that prime borrowing years fall between the ages of 30 and 50. The average credit union member is nearly 50 years old.By beginning to build relationships and recruit young members now, you can set your credit union up for success in the future. If you bring Gen Zers or young millennials into your organization now, your credit union can expect to thrive for years to come. continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Spelinspektionen rejects Ninja Casino domain transfer

first_img Submit StumbleUpon Global Gaming adds sportsbook extension to Ninja property August 25, 2020 Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Share Related Articles Share Soft2Bet continues new market drive with Irokobet launch August 26, 2020 Stockholm-listed Global Gaming AB has had its latest attempt to revive its flagship Ninja Casino property within Sweden rejected by gambling inspectorate Spelinspektionen.Spelinspektionen governance is reported to have blocked the transfer of Ninja Casino’s SE domain to Global Gaming marketing partner Viral Interactive.A marketing services provider, Viral Interactive had applied to secure the Ninjacasino.se domain under the management of its Spelinspektionen online gambling B2C licence.A Spelinspektionen judgement enforced outright that no Ninjacasino related domain could be launched within Sweden, as part of its sanctioned market suspension of Global Gaming AB and its subsidiary partners.Despite its rejection, Viral Interactive will be allowed to appeal Spelinspektionen judgement.Global Gaming Chief Executive Tobias Fagerlund would issue a corporate statement, detailing Spelinspektionen actions as illegitimate as its subsidiary Safe Ent the operating company of Ninja Casino awaits a further review of its licence revocation by Sweden’s Administrative Court of Appeal.“The Swedish Gambling Authority ‘s decision to revoke SafeEnt’s licence has not yet gained legal force and can therefore not be used as an argument” Fagerlund stated in his communication.Global Gaming AB continues to seek injunctive relief of its indefinite Swedish market suspension, sanctioned Spelinspektionen in 2019 on the grounds of ‘serious customer care failures’ related to KYC, care-of-duty and AML compliance.Posting a November trading statement, Global Gaming governance reported that 2019 net losses had totalled SEK 40 million (€4 million), due to the firm’s home market withdrawal.last_img read more