Fifth annual study highlights Gen Z’s demand for personalization, digital transformation and authentic engagement.

St. Petersburg, Fla. (Sept. 2, 2025) – Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, has announced the release of its fifth annual CU Growth Outlook. This year’s study reveals how Generation Z – the first fully digital-native generation – is accelerating profound shifts in consumer behavior and financial services expectations.

According to the study, Gen Z – those born between 1997 and 2012 – feels uniquely challenged by today’s economy, with 72% reporting they face hurdles other generations did not. This generation prioritizes financial independence, consistency in paying bills and building emergency savings, while demanding a seamless blend of digital and in-person experiences.

“Gen Z is poised to become the largest and wealthiest generation in history, and their expectations will fundamentally redefine financial services. With this in mind, Velera is aiming to arm credit unions with the knowledge they need to address these rapidly shifting expectations,” said Velera Chief Marketing & Communications Officer Tom Pierce. “The 2025 CU Growth Outlook reveals a pivotal opportunity for credit unions to build on their core strengths – trust, service and community – while evolving to meet Gen Z where they are. This means embracing digital fluency, reimagining personalization and delivering authentic engagement and immediacy in ways that resonate with this generation’s values and behaviors.”

Key findings from this year’s study include:

Digital is the default: Consumers across generations expect modern, mobile-first experiences. Gen Z, in particular, values omnichannel engagement, shifting easily between online and in-person interactions.
Trust is evolving: While credit unions remain the most trusted financial institutions, younger consumers increasingly view financial relationships as transactional – places to compare products and rates – and are quick to explore alternatives if expectations are not met.
AI adoption is mainstreaming: With 62% of Gen Z respondents open to using AI for financial “what if” planning, tech-driven personalized guidance is quickly becoming baseline expectation.
Authenticity drives engagement: Gen Z increasingly turns to digital platforms like TikTok, YouTube and Instagram for financial advice, favoring relatable, empathetic voices over product-driven messaging.

The research underscores that while credit unions’ traditional differentiators – service, community and trust – remain valued, they must be paired with modern digital tools, personalized journeys, immediacy and authentic storytelling to sustain growth and relevancy. The study also includes recommendations and considerations for credit unions as they look to address this generation.

The CU Growth Outlook was conducted in partnership with Mastercard and surveyed 1,500 U.S. financial consumers age 18 and above, with a boost among Gen Z respondents (ages 18 to 27), as well as an even distribution of male and female respondents. The study also included qualitative digital interviews and diaries with 16 consumers across generations to capture deeper insights into motivations, barriers and opportunities for credit unions.

The 2025 CU Growth Outlook white paper is available for download on the Velera website.

About Velera

Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. With over four decades of industry experience and a commitment to service excellence and innovation, the company serves more than 4,000 financial institutions throughout North America, operating with velocity to help its clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Velera leverages its expertise and resources on behalf of credit unions and their members, offering an end-to-end product portfolio that includes payment processing, fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and 24/7/365 member support via its contact centers. For more information, visit velera.com.