Credit Union Marketing Strategies (Updated 2017)

credit union marketing strategies

Your credit union is not only different than traditional banks and financial institutions, it’s different than every other credit union out there. Some credit unions have been around for generations, while some were founded recently. Some have an exclusive membership for people of specific industry or occupation — like a firefighter’s credit union — and others are open to everyone. One thing almost all credit unions have in common is a limited marketing budget, making it critical to develop a truly effective marketing strategy that delivers new members and builds loyalty.

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45 Examples of Personalized Marketing That Really Work

The data supporting the effectiveness of personalization in modern marketing is conclusive. What’s less certain is marketers’ ability to take full advantage of these highly-targeted messaging opportunities.

According to data gathered by MarketingLand, “Personalized emails deliver six times higher transaction rates, but 70% of brands fail to use them.” Further, “Sixty percent of marketers struggle to personalize content in real time, yet 77% believe real-time personalization is crucial.”

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The Epic Beginner’s Guide to Building a Successful Referral Marketing Program

epicguidereferralmarketing

Your customers are the lifeblood of your business. You can have a fantastic team, a great catalogue of products, and an amazing intended path forward, but none of it matters if you can’t keep your customers happy, engaged, and willing to tell their friends about you. In ecommerce, your customers are arguably the most important and effective sales tools you have at your disposal. Your customers talk, and their friends listen. You can spend your entire marketing budget on precisely targeted Facebook ads, compelling email campaigns, and clever CRO tests, and you’d still never get as good of results as you get when a loyal customer—a brand advocate—convinces a friend or family member that your products are worth buying.

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3 Tips to Encourage Word of Mouth Marketing Today

Encourage Word of Mouth

Before the days of social media – before viral videos and sponsored ads – was the natural social interaction between consumers: the recommendation of a product or service from one person to the next.

Word of mouth marketing (WOMM) is the organic communication of information from one person to another about a brand, product or service. It is most often influenced and driven by a positive interaction that an individual has had with a brand. WOMM is nothing new, and has been reviewed and discussed in a number of articles. More recently, there has been strong evidence for WOMM to succeed in the credit union space.  With customer satisfaction levels at an all-time high for credit unions, and with 82% of credit union marketers believing that referrals are the most effective customer acquisition method, customer referral programs just make sense.

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