Mass Media Crashes Bank Parties
Recent stories have been rash to criticize anything construed as an extravagance on the part of banks. Some banks are crying foul.
Articles about bank culture, including HR topics like leadership, mission statements, vision statements, core values, employees, recruitment, and training.
Overdraft fees have long been a contentious issue in the banking industry. The Federal Reserve Bank of New York surveyed consumers to see what they actually know about their bank's policies.
Recent stories have been rash to criticize anything construed as an extravagance on the part of banks. Some banks are crying foul.
Thinking the same people who got us into this mess can get us out is like thinking more debt will fix our credit crisis.
The window of opportunity closes quickly. If you don't go after the deposits of failing banks you're leaving a lot of money on the table.
Generally speaking, banks and credit unions see pretty much eye-to-eye on their basic core values. But, does that translate in branding?
If all banks pretty much share and believe in the same core values, then what good are they? What differentiates one bank from another?
Most people think the customer vs. member dynamic is what sets credit unions apart from banks. But, that's not the real difference.
TARP money is a no-win situation for banks. Its net effect is to add a completely unmanageable PR nightmare on top of all their other woes.
Now closed, HSBC launched a Little Black Book for customers to post reviews of the bank in a strategy to keep customers happy.
USA Fed is using a tough-but-loveable bulldog to take aim at "fat cat" bankers. Meet Spoke, the credit union's mascot.
If credit unions found how to trickle TARP money to regular folks in mortgage reductions, they will do something that banks aren't.
Holidays are always a point of stress for American consumers. One credit union is swapping out 100 $20 bills for $50 to lighten the load.
The biggest PR bonanza to hit credit unions will come to a screeching halt if they take TARP money. All the good press won't be so good.
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It may seem like banks got a leg up with the TARP money bailouts. But credit unions must remember not taking the money is just as critical.
Branding and financial marketing isn't always about what the campaign says as much as what it isn't saying.
Before Sept. '08, there were never stories about credit unions. For decades, the media ignored this sleepy sector of banking. Not anymore.
There has always been a sour relationship between banks and credit unions. But verbs 'bank' and 'banking' aren't terms credit unions hate.
Sydney Credit Union is rebranding, with a new name, a new tagline and a new marketing strategy. Will it catch on with members?
No one else in the financial industry can make a loan. So, if your institution has change to spare, tell the world and people will come.
All the love for credit unions may not last forever, but credit unions should take advantage of the good press while it lasts.
Some of the Bank of America's customers were able to hold on to the jersey for 19 hours in a traditional BofA stamina promo.
For customers with good intentions, they can earn $10 from Seattle Metro Credit Union if they promise to 'pay it forward'.
Here's a handy glossary to help every bank and credit union translate the news media's coverage of the economic meltdown.
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