Posts tagged ‘Young & Free’

Tricked-out truck features ‘Guitar Hero’ duels

Tuesday, September 9th, 2008

When Currency Marketing started planning the rollout of TDECU’s Young & Free Texas campaign, the agency’s media team was looking for non-traditional options to reach the 19 to 25 crowd. That’s when they found GoMobile Advertising based in Kent Washington.

The two firms hatched the idea pitting Guitar Hero players against one another in a truck that’s one-part cage-fighting arena, one part human fishtank.

GoMobile, which owns the truck, needed only 10 days to build and wrap the truck with artwork once the concept was approved.

Currency’s Tim McAlpine says the Texas truck from GoMobile is an 8 week campaign. The deal includes production, media, parking licenses, gas and a “brand ambassador” who works events and drives the truck around.

The truck’s features include seven flat panel TVs, an eight speaker surround sound system which blasts a hip playlist, a Guitar Hero competition setup and wireless microphones. GoMobile calls it “a festival on wheels.”

(click to enlarge photos)

When on the road, the truck is a mobile billboard.

Such coolness doesn’t come cheap. When asked what
the GoMobile truck deal cost, Currency would only say
it was “tens of thousands.”

Because GoMobile owns the truck, the license plate is from Washington — unfortunate for a Texas-themed campaign.

The truck will be hitting hot spots in Houston until voting for the spokesperson is over in mid October.

Next week, another vehicle will become active in Alberta for the new Y&F Alberta spokester search.

Key Question: How seriously do you take your event marketing?

Key Takeaways: You need to be making “marketing events” to maximize your event marketing opportunities. Free pens and water bottles don’t cut it. While you don’t need something as expensive as a custom truck, what you do need is an idea of a similar magnitude. “Cutting through the clutter” is just as tough in real life as it is in advertising.

Gen-Y twins, membership soars, ‘Rewards’ return, bees

Friday, August 15th, 2008

Here are this week’s branding and marketing stories of interest from around the web.
Click hotlinks for the whole story.

Texas Twins: Similar Gen-Y programs raise tough questions

What’s Behind All This Growth? Credit unions add 1.6 million members

Reaping ‘Rewards’: Bancvue checking product boasts $5.5 billion in deposits

Bee Good: Credit union serves free honey-flavored ice cream to save the bees

How To: Making a powerful financial brand

Driving Sales: Auto loans are hot as car makers cut leasing programs

2nd Generation: Bank switches names back to ‘Generations’

Pledge of New Allegiance: Illinois bank to become ‘Legence’

MembersProject.com: AmEx introduces contest for charitable ideas

School of Rock: CU’s financial literacy program rocks high schoolers

It’s a Wrap: BofA draws attention to wealth management with NYT ad wrap

Vishing: Are you ready to protect people from this latest security threat?

Op Ed: LA Times bemoans loss of marble and mahogany branches

Hawaiian Cafe: Credit union puts in a sofa and a “gourmet coffee bar”

Dallas credit union to launch Young & Free knockoff

Friday, August 8th, 2008

The Dallas Morning News reports that Resource One Credit Union based out of Dallas, TX is launching a competition for a “spokester” on August 13.

Contestants will submit a 500-word blog and video online during the first phase of the competition. Resource One will then select the top finalists who will have to solicit votes from their community of peers. Top finalists will demonstrate their ability to create viral buzz by creating campaigns that drive votes for their candidacy.

The candidate with the most votes will then be selected as the MyLifeMyMoney “spokester” on October 31, 2008. The winner gets use of a Scion, a phone, laptop, video camera and part-time salary for a year.

The credit union promises more details will be available at their website next week.

Resource One is calling the campaign “My Life, My Money,” coupling it with the tagline, “Banking for my generation.” That generation would, of course, be the highly coveted Gen-Y audience financial institutions across North America are targeting.

The campaign is almost identical to Common Wealth Credit Union’s Young & Free Alberta initiative that was launched up in Canada a little less than a year ago. MyLifeMyMoney copies essentially every component of Young & Free, including the overall strategy, the spokester’s responsibilities, the media used, and the incentives offered to the spokester. Even the term spokester is borrowed from Young & Free.

It’s not clear whether the credit union will be deploying a sub-branded microsite to support the campaign, but based on the Young & Free blueprint, the safe bet is “yes.”

To see the outline for the Young & Free campaign, go to the youngfreealberta.ca website and click on the “Search Archive” tab in the main navigation bar.

Key Questions:

  • Will Resource One find a spokester anywhere near as awesome as Young & Free’s Larissa Walkiw?
  • Will the credit union give the campaign the necessary offline marketing support it needs?
  • Currency Marketing, the agency that created CommonWealth’s wildly popular Young & Free initiative, is franchising the concept. How will this impact them?

Resource One’s announcement also puts to rest a question raised here at The Financial Brand earlier this year about who was behind a logo design contest at 99designs.com. The person that won that contest received $200. (Oddly enough, the contest at 99designs.com inaccurately indicates one of the runner-ups as the winner.)

The logo contest was posted by Resource One’s ad agency. What they, in turn, charged Resource One for this $200 logo remains a question.

Resource One is using the winning design from that contest as its official “My Life, My Money” logo.

Resource One has $265 million in assets and just over 40,000 members.

Update: ‘Servus’ chosen as name for Canada’s new super-CU

Thursday, June 12th, 2008

The mystery is over. The name of Canada’s 3rd largest credit union will be Servus.

The credit union’s board chose the name because the Servus brand was created only 18 months ago, is recognized in the Edmonton market and can be trademarked.

Earlier this year, three credit unions in Alberta (Servus, Common Wealth and Community Savings) announced they were merging to create the third largest in Canada, with $9 billion in assets, almost 400,000 members, 2,000 employees and 100 branch locations. The merger left two big questions unanswered:

  1. What will the name of the credit union be?
  2. What will happen to Young & Free, the phenomenally popular Gen-Y promo from Common Wealth CU, one of the the merging credit unions?

In the comments of a previous post here at The Financial Brand, representatives from both Common Wealth and Currency Marketing, the agency behind Young & Free, reassured concerned readers that yes indeed, Young & Free would survive the merger.

The selection of Servus as the name comes as no surprise. First off, Servus was the larger credit union in the merger. It’s also a far more unique and interesting name than either of the other two options, Common Wealth and Community Savings, which are both fairly generic names. That’s what makes it possible to get trademark protection with real teeth. And the double-meaning behind the name is a nice touch: “service” and “serve us.”

Being able to secure a clean trademark is critical when changing names, a lesson some financial institutions frequently learn the hard way. (For related coverage on the pitfalls of financial trademarks, see today’s article from The Financial Brand on TD’s troubles with the Commerce name.)

Common Wealth and Community Savings have until October 31, 2008 to phase-in the new Servus name.

You can read the official press release here (PDF).

News briefs for January 19, 2008

Saturday, January 19th, 2008

Leadership: 800 senior marketers surveyed on budgets, culture, process and forecasts

Gen-Y: The strategy of Youngfreealberta.com and an interview with its Gen-Y host

Innovation: Filene issues its latest ideas for financial products and services

Technology: eBay auctioning “gift certificates” from Zions Direct

Webinars: North Carolina credit union adopts tech solution for member ed seminars

TV: A Dade County FCU television commercial from 2008 that feels dated, conservative

Naming: RBC sheds ‘Centura’ from its portfolio of names

News briefs for December 21, 2007

Friday, December 21st, 2007

Marketing: Blessington & District CU gives a car away at every annual meeting

Marketing: American Airlines FCU gives away 5 cars in ‘Road to Success’ campaign

Advertising: A regular guy notices and comments on Think Bank’s billboards

Gen-Y: Commonwealth CU picks ‘Young & Free’ blogging contest winner

Branch Retail: SunWest CU gets a Starbucks inside its new branch

Marketing: Financial institutions stepping up ‘green marketing’ efforts