6. What Call-Backs Can Do
• Happier Customers
• Less Abandonment
• Lower Telco Costs
• Shorter Handle Times
75%
of consumers describe the
option for a call-back as
“highly appealing”.
32%
fewer abandoned calls after
call-backs added, based on
study of 200 call centers.
19. About 1st USCU
$820M in assets
50,000 members
10 branches in California
10,000 inbound calls / month
1,800 chats / month
350 e-mails / month
20. Challenges
Deliver an Outstanding Service Experience
Improve call performance to meet or exceed industry standards
Call volume moved from a “flat-line” to an increase of 25%
Adapt to a Young Demographic
Median age was 49 and now is 46
Members under 34 – 50% of new members / 31% of all members
Offer “Large Bank” Services
Add new channels that appeal to our new members
Be quick, be agile, and adapt to meet our member’s needs
22. Benefits
Low “Touch” and Rapid Implementation
No IT involvement
Ability to do a “soft” launch
Low Barriers to Staff Adoption
Flexible and Customizable
Affordable
25. Fonolo’s In-Call Rescue
Problem
85% of our abandoned calls waited only 40 seconds
or less.
Solution
Replace waiting in queue with a convenient call-
back.
Customized In-Call Rescue to address the members’
behavior.
Result
In-Call Rescue reduces abandoned calls and
increases member satisfaction.
Abandon rate decreased 10% - 1.8% from 2.0%
26. ROI
$1.3M in new loans during the 1st 60
days - generated directly from Fonolo
calls
$3.2M in new loans (through 4/30/13)
$10.1M in new loans (through 12/31/13)
27. Feedback
Agents
“Easy to use and
the members
love it.”
“Much simpler than
expected.”
“It makes our
service better.”
Members
“Finally, an easy
way to contact the
credit union.”
“I would not have
called you
without this option.”
“Much more
convenient than
waiting on hold.”