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BOSTON—Credit unions are facing a generational challenge that could define their long-term relevance. According to new research from PYMNTS Intelligence and Velera, nearly 40% of Gen Z members say they are at least somewhat likely to leave their credit union within the next year—more than double the rate across all generations. And most say they’re headed to traditional banks.

PEACHTREE CORNERS, Ga.—Associated Credit Union announced that C. Lin Hodges, president and chief executive officer, plans to retire in July 2026 after 46-years with the organization, including 18 years as its CEO.

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iStock-Diamond Dogs

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