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New research shows that some 75 percent of credit union members are open to receiving e-mail messages – especially if those alerts are targeted to the member’s interests. So we know the e-mail channel is open and available to credit unions that use it wisely, and respectfully.
Today’s technology makes it a fairly easy process to measure the effectiveness of email alerts as a marketing channel. One of DigitalMailer’s clients provides a case in point: The credit union tracked the results of a recent loan promotion, which was conducted using our email alert service. The credit union sent 1,935 e-mail alerts, of which 1,182 (61 percent) were viewed by members. The credit union tracks new loan applications as they come in, and the email alerts campaign generated more than $250,000 in new loans – all at a promotional cost of roughly $250!
The credit union takes advantage of “tell me when” fields to ensure that members receive the information they want and need. The credit union says that, among members receiving our e-LERTS services, this is how members’ interests break down:
- 90% have requested the direct deposit/withdrawal alert
- 85% have requested the new product and service alert
- 83% have requested the special offer alert
- 75% have requested the newsletter alert
- 63% have requested the free seminar alert
Right now, 67 percent of all U.S. consumers have access to the Internet. As that number grows, you can bet that consumers’ demand for the convenience of receiving product news and account information right at their desktops will grow, too. But to earn effective participation and response credit unions must apply “member-centric” practices to this new media.
Greg Crandell
Vice President, Business Development
DigitalMailer, Inc.
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