Posts Tagged ‘switching’

eSwitchKit enhancements

June 13, 2013

Here is the latest on the new developments we’ve added to the eSwitchKit. We didn’t sit on our haunches after the launch; we’ve already made some improvements.

One of the most important portions of the new eSwitchKit is the real-time status checklist that’s created for the member to use throughout the switching process. A major upgrade we’ve just implemented is the ability for the member to re-send switch emails and/or to print switch letters at any time, via their personalized online switching checklist.

For member convenience, we’ve also added an “Already fill a switch kit out?” login area on the first page of the eSwitchKit. Just in case they’ve lost their email with the login link, or can’t access their email, they can still log in and view their checklist to see the status of their switches. We’ve also implemented a password retrieval system in case they don’t have that info handy.

If you are demo’ing the eSwitchKit, then in order to experience the eSwitchKit’s full capability, be sure to input your email address as well as create a username and password. After doing so, you’ll feel the same hand-holding experience your members will be receiving. You’ll get a copy of all of the secure emails, along with the most important email; the email guiding the member to their secure and personalized eSwitchKit checklist. If you’re interested in the eSwitchKit’s full capability, be sure to complete this step. There isn’t another switch kit in the country like it.

Why is the personalized eSwitchKit checklist important?

  1. In one convenient spot for the member, they have a record of every company that has been informed of the switch, and can check it at any time to see the real-time status of each company that has, or has not, replied to the notification.
  2. The secure emails sent to companies have specialized replies pre-written within the email that use radio button technology. The vendor selects an answer and that answer is instantly updated on the checklist.
  3. The member can stay in the know at all times concerning their account switches and they can re-send and re-print the switch emails and letters any time they need to.
  4. The receiving company can send notes back to the members via the secure emails and the notes will appear in real-time on the checklist.

Click here to demo the eSwitchKit.

We are also extremely pleased to announce that already six credit unions have signed on to the eSwitchKit in less than three weeks. Welcome aboard Pam Griffiths and the Railroad & Industrial FCU team as well as Malinda Warchus and the Electric Service CU team.

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It doesn’t take an Act of Congress…

October 11, 2011

We here at EverythingCU are thrilled that there is renewed, extra interest in helping more and more people leave their megaBanks (like BofA), and join their local credit union. I just ran across this article on the Bold Progressives web site, where they are calling for signatures to help pass legislation:

Bold Progressives: Petition Congress to make it easier to switch

Of course, if you already have EverythingCU.com’s online switch kit, you know that it doesn’t take an Act of Congress to make it easier to switch.

If you don’t already have it, find out what 111 other credit unions have discovered– you can make it easier to gain new members by making it easier for them to make the switch….. without waiting for the gridlock of Washington to untangle. (That might be a very long wait… don’t hold your breath!)

Your members are talking. Are you listening?

July 1, 2008

I’ve had the pleasure of delivering World 2.0 workshops to both the New York State Credit Union League, and the Georgia Marketing Council. In both of these workshops, one of the things we covered is the new communication service called Twitter. I’m sure that attendees never dreamed when coming to the workshop that they would sign up and learn about something called “Twitter”. Right now, there are between 350,000 and 700,000 people using it (accurate figures are difficult to get). Many of these people are artists, solopreneurs, bloggers, social media gurus, and Gen Yers, but more and more people are discovering this service every day. If you’re not yet familiar with twitter, it’s like an open instant messaging service. It’s a quick and convenient way to connect with old and new friends online. It’s easy to make new friends, and now, using Twellow, to find other people all over the world who share a common interest with you.

What does this have to do with credit unions and marketing, you may ask? Twitter is akin to an always-on, free focus group. If you follow your members on Twitter, you can get an open look at the issues that are relevant to them. This morning, I read my twitter stream as someone I followed, “Pistachio,” expressed her extreme dissatisfaction with Bank of America. Here are her tweets:

Pistachio 6/30 11:18 pm Bank of America’s check-clearing policies are predatory and should be investigated by congress. They get your money right away and sit on it

A friend replied 7/1 8:32 am: How long do they hold the check?

Pistachio 7/1 10:25 am BOA routinely holds checks 5-10 days w/very shaky “reasons,” often not telling you @deposit. they collect hundreds in “overdraft”

a different friend replied 7/1 10:49 am: i think you’ll be hard-pressed to find a bank that doesn’t. try calling your mgr to get the hold removed; they usually will.

Pistachio 7/1 11:22 am Citizens’ holds are a fraction of BOAs. Thanks for tip, will call. Think I’m SOL once hold is on, from past exp. I should’ve asked

Pistachio 7/1 11:39 am You know, I’m actually not kidding that Bank of America should be investigated. They’ve crossed a line from crap customer service to abusive

Pistachio 7/1 11:39 And YES, I’m well on my way to moving all my accounts away from them.

These “tweets” elicited at least a couple of responses from her friends. More importantly, Pistachio is highly connected, and has 4,375 followers. Yes, you read that correctly, she has four thousand, three hundred seventy-five people who are reading what she types.

Now I’m guessing that there are currently no credit union marketing professionals “following” Pistachio. Fortunately I am, and am also friends with several credit union marketing professionals in the Greater Boston area. I tweeted a response to her, with the name of a credit union where a friend of mine works, and I also tweeted that that credit union offers EverythingCU.com’s Online Switch Kit, a product which makes it easy for new members to switch their account from their previous financial institution to the credit union.

Impact: If this frustrated Bank of America customer has a good experience joining a credit union, and “twitters” her relief from the outrageous fees and outlandish check hold policies, the marketing/new business impact is LARGE. Four thousand of her friends and colleagues will know about it. This is more valuable than sending postcards to 4000 people for three main reasons: She is a trusted friend to her followers, and anything she tweets on the subject is not coming from someone who is trying to sell something. Also, the pass-along value is much greater since it’s easier to “re-tweet” a message to others than it is to share a postcard with your neighbor. Also, the cost to tweet with your members is only your time, whereas the cost to supervise, design, print and mail 4000 postcards would be around $5000 or more.

Take Action: Monitor your credit union’s name using Google Alerts, and search in Summize, but also monitor your competition’s name (and the word ‘bank’), watching for those disgruntled bank customers who are just begging for the fresh alternative that your credit union provides.