josh mcafee cues next top credit union exec presentation
DESCRIPTION
TRANSCRIPT
i
SOUTHEAST FINALISTJosh McAfee
Marketing DirectorLeaders Credit Union ($141M)Jackson, Tennessee
Budgets Shrink, Expectations Don’t.
Josh McAfee - Southeast
Operational efficiency... in marketing?
Over 32% of marketing budgets cut during recession
Majority of marketing allocations below 0.1% of assets
Bottom line: marketers expected to achieve better results in both advertising and public relations with less money.
“No problem, right?”
Giving up the ‘old school’
Traditional CU marketer will:
Fail to plan
Use the “fire extinguisher” approach to addressing organizational needs
Outsource everything ($$$)
Avoid technology and overlook people
Not be price-sensitive
Whose team will you join?
FI marketer 2.0 will:
Understand strategic plan and react accordingly
Observe organizational needs and proactively meet them
Discover ways to internally fulfill campaign needs
Thread new media into every aspect of business
Find the best composite of price, timeline, and quality for the job
Here’s how:
Develop a plan, and USE IT!
Take advantage of project flow
Scorecard everything
Leverage your employee brand
"In-source" as much as possible
So we did.
Here’s what happened.
(2)
0
2
5
7
9
6/09
9/09
12/09
3/10
6/10
9/10
12/10
3/11
6/11
Member Growth (%)
LeadersCU$100-250M
when we started...
Organic growth
No asset purchase or runoff
Consumer-driven portfolio
No new product releases or acquisition campaigns
I can't take all of the credit.
I inherited a sales culture.
Our management team makes smart decisions.
2% ROA with strong deposit growth
Our members are very viral and share our story (employee groups)
I've added effectiveness and efficiency to marketing, creating future sustainability.
Questions?Josh McAfeeLeaders Credit UnionJackson, TN
facebook.com/joshuarmcafeetwitter.com/joshismyntcuelinkedin.com/in/joshmcafee
i
Q&A withJosh