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Leveraging Social Media
    How to Gain and Retain Members
What if?
What if?
Parted.
What if?
Landed.
What if?
Not quite.
Made it.
What if?
5.8 million per episode
What if?
Numbers.

800 million (3rd largest country)
225 million (1 billion tweets per week)
130 million (1 new member per second)
490 million (35 hrs uploaded per min.)
Tools.
What it’s not.

• Not a sales tool
• Not a campaign
• Not an advertisement
• Not a total marketing replacement
What it is.

• Two-way conversation
• Educator
• Community builder
• Complement to traditional marketing
Benefits.
Metrics.
Why?
•   Another opportunity to engage
•   Less disruptive message
•   Trusted resource
•   Add value
    “Conversation goes on with or without you.”
How to gain & retain?
• Share
• Tell a story
• Educate
• Human touch
• Contests
• Have a plan
      Amazingly, only 30% of CUs have a social media plan -Filene
Share.
• Provide helpful information
  •   From members

  •   From staff

  •   From mainstream or industry news

• Be a financial info resource
• Don’t ask for anything in return
Tell a story.

• Member success stories
• Staff (get to know or SME)
• Philanthropy
• Awards
Educate
• Don’t be too “salesy”
• Advice or “How to”
 •   Mortgage

 •   PFM

 •   Online services

 •   Investments

• Be a resource
Be human.

• People relate to people — not logos
• Tweet-up (to meet)
• Videos
• Unitus’ iPad ex.

                           Unitus’ Brett Wooden w/ iPad
Contests.

• Engage
• Educate
• Reward
• Return
Have a plan.

• Research
• Objectives
• Goals
• Results
• Measure
Steps.
• Research and discover
• Listen
• Engage
• Inspire
• Support
• Reward
Information.
• Personal relevance
• Entertaining
• Insight or advice
• Value
• Helps
• Solves a problem
Credit unions.

• 63% credit unions using social media today
• Est. 90% will use social media in 2012
• Age 45+ fastest growing group (avg. age 47)
Example.


• Vantage CU
Example.
Example.


• Verity FCU
 • VerityMom
Example.


• Verity CU’s “Our Voices” blog
Example.


• Forth Worth Community CU
 • Gabby “Get Your Worth On”
Example.


• San Diego County CU
 • Bankers invade SD beaches
Example.


• ECCU video testimonials
Investment.

• Time
• Resources
• Knowledge
Tips.
• Be consistent
• Easy to share
• Easy audience participation
• Be authentic
• Integrate
• Be consistent
Wrap up.
• Be consistent
• Complements traditional marketing
• Builds a community (trust)
• Educate
• Less disruptive message
• Have a plan!
Bottom line.

   Social media enhances your ability to
become a primary financial resource.


   Spark a financial conversation today.
What if?


Hmmm...
Resources.
•   Filene

•   Digital Mailer

•   Convince & Convert

•   Social Media Examiner

•   Cision

•   Spin Sucks

•   Marketing Profs

•   SmartMedia - Social Media
Questions?
      Mike Lawson
   DML Communications
mike@dmlcommunications.com
       760-845-8146
    Twitter: @dmlcomm

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Leverage Social Media for Credit Unions

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  13. Twitter CEO Oct. 17 -- 250 million tweets per day\nLinkedIn Nov. 5 -- 1 million groups created, 400 mobile growth\n
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  19. trusted resource: PFM, mortgage, online services, support, debt relief, investments\n
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  22. The things about stories -- they create a reason for people to care about you.\nWhen people care about you, they want to do business with you.\nAnd the more people who do business with you, the more stories you have to tell.\n
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