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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FREEYoung &

One year later

FORUM SOLUTIONS/TRABIAN PARTNERSHIP SYMPOSIUM | OCTOBER 1, 2008

526,000The first

minutes in just35

Tim McAlpine

President & Chief Strategist

Currency Marketing

+ Credit union advocate

+ Creative leader

+ Marketer

+ Speaker

+ Blogger

+ Cheerleader

currencymarketing.ca/blog

A message from

Larissa Walkiw2008 Young & Free Alberta Spokesperson

15My goal

KEY TAKE- AWAYS

FOR YOU

Is it possible to have credit union

super fans?

Diggnation Video Podcast

SOCIAL MEDIA

Diggnation has 400,000subscribers

SOCIAL MEDIA

CNN has 400,000 average

daily viewers

ALBERTAYoungFreeAlberta.com

Blog does not equal a social media campaign.

– TREY REEMEFORUM SOLUTIONS/TRABIAN

PARTNERSHIP SYMPOSIUMOCTOBER 3, 2007

“”

1TAKE-AWAY

CU

Innovation requires trust and a leap of faith

2TAKE-AWAY

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

The business case

The perfect scenario

Generation Y is not a passing fad

3TAKE-AWAY

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

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

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

Rethink the three-month promotions

4TAKE-AWAY

Do one thing really big

5TAKE-AWAY

Video

Mixing sales with social media is OK

6TAKE-AWAY

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

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

7TAKE-AWAY

Create a dialogue by entertaining first and educating second

8TAKE-AWAY

Sense and respond

9TAKE-AWAY

Thank you for

giving me the

chance to

speak for you.– LARISSA WALKIW

Video

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

$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

10TAKE-AWAY

Keep it fresh

What’s next?

Wall illuminations

Wall illuminations

Ask for the sale

11TAKE-AWAY

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

TEXASYoungFreeTexas.com

There are incredible young people everywhere

12TAKE-AWAY

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

Expect the unexpected

13TAKE-AWAY

HURRICANE

IKE

Dream big

TAKE-AWAY14

Don’t do anything half way

TAKE-AWAY15

BEYONDALBERTA &

TEXASYoungAndFree.com

24/7 support

Content

CU staff engagement

Mining Gen Y insights

Shared learning

Financial literacy

ON-GOING KEY CHALLENGES / GOALS

youngandfree.com

Thank

YOU!

Tim McAlpinetmcalpine@currencymarketing.ca

currencymarketing.ca

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