Nexus Intelligence competitive insights guided a Mid-Atlantic credit union’s HELOC campaign to a 93 percent performance increase over industry averages as it seeks to achieve higher levels of product penetration and a deeper relationship with its members. Results included:
This Mid-Atlantic Credit Union (CU) desired to improve its digital marketing strategy in order to deepen the relationships with its existing members. The CU believed it had untapped member wallet-share penetration opportunities and needed the means to develop deeper insights into its members’ potential. The CU chose to focus first on targeting existing financial needs currently being served by the competition and selected Nexus to mine its data and catalog competitive products. This CU engaged Nexus Intelligence and a 3rd party marketing consulting company to develop a true multi-channel digital marketing strategy.
Target Audience Analysis & Selection
Based on the results of Nexus’ data analytics, the CU decided to target lines of credit to meet its business objectives. Nexus developed a series of additional selection criteria:
Hyper-targeting using Nexus’s list resulted in 93 percent increase email opens versus industry averages, even during the marketing-intensive month of December.