Credit Union Marketing
Where the wild things aren’t
A few months ago, I was talking shop with a relative who works in management at a large public library. She was lamenting the fact that libraries tend to attract introverts – the sort of person who would rather follow safe lists of rules than take a chance on interacting with other people. One of…
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Dreams and decisions
Ultra-blogger Seth Godin points out that people are astonishingly bad at making decisions about money. For most of us, that’s hardly news. But is it, where you work? If you’re working at a credit union, you’re probably pretty good with dollars and cents. And you’re likely surrounded by people who are also pretty good with…
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Hot hands? Too easy.
Anyone that follows basketball knows about the “hot hand.” That’s when someone gets on a roll, making several baskets in a row. Teammates pick up on it and start feeding him the ball. Defenders start double teaming. The audience gets louder with each consecutive basket, and everyone expects him to make his next shot. Yet…
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People are squirrels and CUs are nuts
Back in 1957, an informal study tried to find out whether squirrels preferred “wild” food or human food. The researchers went to Central Park and put out several morsels at once (natural fare like hazelnuts and acorns, along with human food like peanuts, popcorn, and Cracker Jack) and recorded which ones were taken first. The…
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The Marketspeak Menace
–As an advertising copy writer, I’m a failure. I’m incapable of writing fluff, and I’m not much of a spin doctor. I doubt I’ll ever get rich writing gushy catalog copy or political doubletalk. In short, I just can’t spew marketspeak worth a hoot. It’s a good thing I ended up in credit union marketing. At the…
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Are you buying talent or paper clips?
There’s a big difference between buying services based on talent and buying services from a vendor. To get the best results, your working relationship with someone selling talent (an artist) must be very different than with a vendor selling paper clips or bathroom remodeling. And since you are in charge of that relationship, here are…
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It’s time for your mid-year marketing review
No, not your employee review, although if you flunk this one, you may need to be worried about that. Take a little time right now to go through a Mid-Year Marketing Review Where do you and your credit union stand right now with regards to your strategic goals in these areas? Loan Growth Membership Growth…
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Why would anyone join a credit union they have never heard of?
To many credit union CFOs (and CEOs that used to be CFOs), Marketing is just overhead. They don’t understand it, they don’t value it, and it doesn’t connect in their minds with the personnel and facilities it takes to keep branches open. To them, cutting the marketing budget is a quick fix when you need…
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Solve the right problems
One of the first things you learn as an aspiring engineer is that if you first carefully define a problem, you’re halfway to solving it.* But all too often, we’re defining and then solving the wrong problem, not the real problem. For example, try bringing a decent sized bottle of shampoo onto an airplane –…
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Motor madness
As you can probably guess, I’m a motorcycle nut. In fact, motorcycles are my primary transportation — I ride one of my bikes to work every day it’s not snowing too hard. Recently on a large online forum, the topic of financing motorcycles came up. I was very happy to see that several people recommended…
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