EP328 More Than A Number with Meridian Credit Union

Young Money with Tracey Bissett

Are you feeling overwhelmed by rising living costs and seeking better financial guidance? In this episode, we sit down with Shawn Kauth, Vice President of Wealth at Meridian Credit Union, who brings nearly three decades of experience in the financial industry. Shawn discusses the results of Meridian's 'More Than a Number' survey, revealing critical perspectives on financial insecurity among Canadians.

Listen in as Shawn addresses the concerns different demographics face, including the anxiety experienced by Gen Z and the challenges women face regarding long-term financial futures. You will learn how to navigate the current financial environment by prioritizing personalized service and seeking out professional advice. Shawn encourages everyone to take charge of their financial education, set realistic goals, and build a supportive relationship with their financial institutions.

“Canadians are looking for a more personal touch across various aspects of their financial needs.” - Shawn Kauth

This Week on Young Money:

• The role of credit unions in Canada.
• Differences between banks and credit unions.
• The importance of financial education for Canadians.
• Insights from Meridian's 'More Than a Number' survey.
• How to build a supportive banking relationship.
• Strategies for managing rising living costs.
• The financial concerns of women and Millennials.
• Understanding Gen Z's anxiety about money.
• The value of seeking professional advice.
• Practical steps to set financial goals.

Key takeaways:

1. Credit unions offer personalized service.
2. Financial education is crucial.
3. Set realistic financial goals.
4. Seek professional advice early.
5. Build supportive banking relationships.

Connect with Shawn Kauth:

• LinkedIn

Resources Mentioned:

• Meridian OneCap Credit Corp
• Meridian
• Motusbank
• Amid financial stress, nearly half (46%) of Canadians are open to banking alternatives to manage their money

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