Many Millennials have been slow to adopt credit, but are beginning to hit those milestone moments requiring them to seek particular financial services products. A "thin file" doesn't necessarily mean a "bad file," so how can lenders grow a thin-file candidate and assess credit worthiness as these individuals seek first loans and bank cards?

With an estimated 80 million millennials now in the U.S., it would be easy assign mass stereotypes to this group. But the truth is Millennials are at all different life stages, and some are hitting milestone moments making them credit-ready individuals to target.

Experian research shows Millennials currently hold only 5% of their accounts with credit unions. Why? This paper explores Millennial trends in the financial services space, and advises how credit unions can adapt to serve this coming-of-age market,

In this paper, we'll discuss who millennials are and dive deep into their most profitable segments. We will assess the drivers that affect their decision making and identify where millennials are in their financial journey. Lastly, we will provide best practices and look at innovative strategies banks have employed to reach this growing population.