Generally speaking, consumers view banking as a chore and commodity. And while we try to compete by offering varying degrees of ease, convenience or price differentiation, it’s simply not enough. Besides, in this interest rate environment, differentiation on price is difficult and adds to the commodity mindset of the consumer. We need to act differently and better align with member needs. We should be talking with our members, not talking at them. Read Complet ArticleThe Firefighters National Coalition of Firefighter Credit Unions (NCOFCU) is committed to creating and maintaining a climate of safety, soundness, innovation and unity among firefighter credit unions in order to promote and enhance the initiatives of the credit union movement. Grant Sheehan CEO www.ncofcu.org
Monday, January 31, 2011
Firefighter Credit Unions Should Use Passion and Technology to Engage Members
Generally speaking, consumers view banking as a chore and commodity. And while we try to compete by offering varying degrees of ease, convenience or price differentiation, it’s simply not enough. Besides, in this interest rate environment, differentiation on price is difficult and adds to the commodity mindset of the consumer. We need to act differently and better align with member needs. We should be talking with our members, not talking at them. Read Complet Article
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