Posts Tagged ‘CU Philosophy’
Explaining the CU Difference. Again.
Every time I begin to think that people understand the difference between credit unions and banks, I keep getting reminded that it isn’t as obvious to the average person. Of course you know why CUs are great — you’re soaking in CU goodness. But you simply can’t assume that consumers have any idea what a credit…
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Millennials: No Car, No House, No CU Income?
My youngest son sort-of-hates cars. Sure, Grandma’s-hand-me-down-Buick helps him get around town when he comes back to visit family. But that’s also a big reason why he plans to always live in a city with a decent mass transit system. He doesn’t want to own any car, or make monthly payments for it, much less pay for the gas, insurance, and upkeep.…
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Take an active role in member security
When we build a credit union web site, we get a lot of security questions related to compatibility with older browsers. Depending on who you ask and what numbers you believe, somewhere between 2% to 8% of the general public is still using very old versions of Microsoft Internet Explorer. Naturally, credit unions don’t want to leave…
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Money isn’t everything – budget time and attention too
What’s your total marketing resources? No, not just the number of dollars you spend on media, services, and clicky pens. I’m talking about the other parts of the equation: time and attention. Time + attention + money = total resources. Time, of course, is a combination of staff time (how much time can and should you…
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Can you taste the local difference?
Last week, I noticed a cool new package in the freezer at the grocery store. No-nonsense, retro-yet-high-tech, and irresistible next to the generic plastic bags. Priced only a little bit higher than the generic sweet corn from who-knows-where. What it contained was sweet corn. Indiana bicolor sweet corn. I visited the company’s web site (huskfoods.com),…
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Go find some weirdos
Quick, tell me about your members. No, not the average members. They’re boring. And you already know plenty about them. And so does everyone else. Find some weirdos. People out on the fringe. The ones who were in New Guinea last week, and are currently somewhere in Kazakhstan. The family thinking seriously about what kinds…
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Mission Statements are boring. What’s your Manifesto?
When we start on a branding project, one of the first things we usually see is the credit union’s “Mission Statement”. About 99.999% of the time, a committee has very carefully stripped it of any concrete meaning or use and it says the exact same things as every other mission statement. What I’m more interested…
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Would your members pay for your marketing?
What’s that you say? Pay? To receive our direct mail, emails and statement inserts? Uh, I don’t think so. Okay, then let’s look at this a different way. Would your members be willing to pay, say $5, for some information that would teach them how to save $50/month on a car loan? Absolutely. Over the…
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I could never lie as a kid
I could never lie as a kid. At least not successfully. I was so bad at it, all you had to do was take one look at my face and you’d know. Every time I tried to cover something up, all I managed to do was get deeper in trouble. So I gave it up.…
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Blow it up and start over
Let’s do a thought experiment. Close your eyes and imagine getting everyone out safely of the building. Hustle them down the street and issue big bags of popcorn, party hats, confetti, and kazoos. All set? Count backwards from ten and then… Imagine blowing up the credit union. Now imagine how you would build a new credit…
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