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Young & Free One Year Later - Credit Union Gen Y Program

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A look at the key take-aways from the first year of Common Wealth Credit Union\'s Young & Free Alberta program. www.youngfreealberta.com
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FREE Young & One year later FORUM SOLUTIONS/TRABIAN PARTNERSHIP SYMPOSIUM | OCTOBER 1, 2008
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Page 1: Young & Free One Year Later - Credit Union Gen Y Program

FREEYoung &

One year later

FORUM SOLUTIONS/TRABIAN PARTNERSHIP SYMPOSIUM | OCTOBER 1, 2008

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526,000The first

minutes in just35

Page 3: Young & Free One Year Later - Credit Union Gen Y Program

Tim McAlpine

President & Chief Strategist

Currency Marketing

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+ Credit union advocate

+ Creative leader

+ Marketer

+ Speaker

+ Blogger

+ Cheerleader

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currencymarketing.ca/blog

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A message from

Larissa Walkiw2008 Young & Free Alberta Spokesperson

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15My goal

KEY TAKE- AWAYS

FOR YOU

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Is it possible to have credit union

super fans?

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Diggnation Video Podcast

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SOCIAL MEDIA

Diggnation has 400,000subscribers

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SOCIAL MEDIA

CNN has 400,000 average

daily viewers

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ALBERTAYoungFreeAlberta.com

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Blog does not equal a social media campaign.

– TREY REEMEFORUM SOLUTIONS/TRABIAN

PARTNERSHIP SYMPOSIUMOCTOBER 3, 2007

“”

1TAKE-AWAY

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CU

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Innovation requires trust and a leap of faith

2TAKE-AWAY

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We would like to hear

how Currency can help

Common Wealth

own the youth market

in northern Alberta!

– KIM CROCKETT, COMMON WEALTH CREDIT UNION

AUGUST 2006

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The business case

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The perfect scenario

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Generation Y is not a passing fad

3TAKE-AWAY

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Entire contents © 2008 Forrester Research, Inc. All rights reserved.

“Do you do the following activities online at least monthly?”

Source: North American Technographics® Benchmark Survey, 2007

Base: US online consumers

Gen Y leads the way on Social Computing activities

0%

10%

20%

30%

40%

50%

60%

70%

80%

Gen Y Gen X YoungerBoomers

OlderBoomers

Senior

Use Web-based email

Use instantmessaging

Use socialnetworkingsites

Read blogs

Comment onblogs

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Entire contents © 2008 Forrester Research, Inc. All rights reserved.

The Gen Y segment is growing — and will represent 29% of online households by 2011

Base: US online households

15% 29%

30%23%

37%34%

18% 14%

2006 2011

Seniors

Boomers

Gen X

Gen Y

Source: North American Technographics® Benchmark Survey, 2008

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Entire contents © 2008 Forrester Research, Inc. All rights reserved.

Gen Yers will drive future online banking growth . . .

Base: US online households that bank online

The number of US online households that bank online

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Seniors (born 1900 to 1945)

Boomers(born 1946 to 1963)

Gen Xers(born 1964 to 1975)

Gen Yers(born 1976 to 1990)

ForecastActual*

40M

20M

0

5 - Year Growth

Rate

+35%

+43%

-3%

60M

80M

136%

Source: *North American Technographics Benchmark Surveys 2001-2005; Forrester’s NACTAS 2006Benchmark Survey

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Rethink the three-month promotions

4TAKE-AWAY

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Do one thing really big

5TAKE-AWAY

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Video

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Mixing sales with social media is OK

6TAKE-AWAY

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0

25

50

75

100

OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG

2006–2007 2007–2008

Year-over-year youth member growth

Media support stopped here

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Give young people freedom and resources and they will do amazing things

7TAKE-AWAY

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Create a dialogue by entertaining first and educating second

8TAKE-AWAY

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Sense and respond

9TAKE-AWAY

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Thank you for

giving me the

chance to

speak for you.– LARISSA WALKIW

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Video

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71,744 site visits

213,825 page views

3:45 average visit

82,726 YouTube video views

906 blog comments

234 Facebook fans

107 Twitter followers

RESULTS

October 1, 2007 to September 23, 2008

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$179,000 unpaid media coverage

2,000,000+ impressions

2,736 Y&F accounts

$3,982,000 funds in Y&F accounts

RESULTS

October 1, 2007 to September 30, 2008

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10TAKE-AWAY

Keep it fresh

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What’s next?

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Wall illuminations

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Wall illuminations

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Ask for the sale

11TAKE-AWAY

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Myles Peterman’s Application for 2009 Young & Free Alberta Spokesperson

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TEXASYoungFreeTexas.com

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There are incredible young people everywhere

12TAKE-AWAY

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DeAndre’ Upshaw’s Application for 2009 Young & Free Texas Spokesperson

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Expect the unexpected

13TAKE-AWAY

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HURRICANE

IKE

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Dream big

TAKE-AWAY14

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Don’t do anything half way

TAKE-AWAY15

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BEYONDALBERTA &

TEXASYoungAndFree.com

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24/7 support

Content

CU staff engagement

Mining Gen Y insights

Shared learning

Financial literacy

ON-GOING KEY CHALLENGES / GOALS

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youngandfree.com

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Thank

YOU!

Page 64: Young & Free One Year Later - Credit Union Gen Y Program

Tim [email protected]

currencymarketing.ca


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