The Great Wealth Transfer: A credit union’s guide to supporting members

By Peacefully

Featured Speaker: Jennifer Good

Over the next two decades, an estimated $84 trillion will be transferred from one generation to the next, marking the largest wealth shift in history. For credit unions, this presents both a challenge and an opportunity. How can credit unions ensure they are prepared to support their members through this transition while also strengthening relationships with their families? In this webinar, we explore the data, key risks and best practices associated with the Great Wealth Transfer, including estate planning pitfalls, family conflict, and the role credit unions can play in guiding members through these critical life transitions.

Key takeaways include:

• Understanding the Impact: Learn how the $84 trillion Great Wealth Transfer will affect credit unions and their members over the next two decades.
• Identifying Key Risks: Explore common pitfalls such as estate planning gaps, family conflict, and unclaimed assets that can disrupt the transfer of wealth.
• Best Practices for Member Support: Discover actionable strategies to help members protect their wealth, document their wishes, and navigate estate settlement smoothly.
• Engaging the Next Generation: Learn how to build relationships with beneficiaries early to strengthen long-term member retention and trust.
• Optimizing Credit Union Processes: Get insights on how to simplify the deceased account process and position your credit union as a trusted resource for families during critical transitions.

Connect with Peacefully to learn more.