Discovery: Retirement of Baby BoomerGeneration Huge Opportunity for CUs

June 26, 2006, 1:00 a.m. EDT 1 Min Read

LAS VEGAS - (06/26/06) Credit unions can fill acritical need for their membersand grow theirbusinessby helping the baby boomer generation bridge thepotentially enormous gap between government and private retirementprograms and the money the soon-to-be retirees will need to live,according to three experts. Baby boomers changed America asthey moved through each of their life stages, and they willrevolutionize retirement, said Bob Buckingham, vicepresident of asset accumulation products for CUNA Mutual LifeInsurance Company. Buckingham, along with Chuck Purvis, senior vicepresident of Raleigh, N.C.-based Coastal FCU, and Steve Joiner,president of Winston-Salem, N.C.-based Truliant FCUs CUSO,TRULIANCES, led an educational session at CUNA Mutual GroupsDiscovery conference here Friday.

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