SlideShare a Scribd company logo
1 of 2
Download to read offline
Cessna Employees Credit                                                                       With nearly 7%
                                                                                              penetration and more
                                                                                              than $3 million in


           Union Soars
    Cessna Employees Credit Union Soars with New Credit Card Program
                                                                                              balances generated in
                                                                                              the first two years,
                                                                                              CECU continues to gain
                                                                                              an average of 20 to 25
                                                                                              new card accounts each
                                                                                              month, driven in part by
                                                                                              Vantiv’s easy-to-use
                                                                                              card marketing
                                                                                              promotions.



  Cessna Employees Credit Union launched its credit card program three years ago. One
  of its important goals – providing nearly 15,000 members with another reason to make
  the credit union their trusted financial partner.

  Putting cards in hands was just the first step. Most importantly, CECU wanted its
  members to use them.

  CECU sought a card-processing provider that could help develop and promote their new
  product. One that could build a comfort level with members, build on the credit union’s
  brand loyalty, and create an attractive, revenue-producing solution.

  Vantiv was their choice.

  Kevin Wilmoth, Vice President of Operations at CECU, says the credit union found what it
  was looking for in Vantiv. A company that not only handles day-to-day back-office issues,
  but one with “a team of experts that understand the credit card market, with the
  technology and tools to help us effectively manage and market our cards.”

  Flexible Solutions Create Large Card Balances
  Our team of experts helped CECU develop a competitively priced card. CECU‘s Platinum
  card offers rates between 7.99 and 13.75 percent, with a 1 percent cash-back rebate.
  Cardholders have many special benefits including easy online access to their accounts.
  They can also request balance transfers from virtually anywhere, including their mobile
  devices.

  Within two years, CECU opened more than 1,000 card accounts, generating millions of
  dollars in card balances.




  © Copyright 2011 Vantiv, LLC. All rights reserved.                                                                     1
One reason for the positive response…the card offers an attractive alternative to the
credit union’s signature loans, with an appealing lower rate and a flexible way to manage
their finances.

Building Card Program Success
CECU continues to add 20 to 25 new card accounts each month, thanks to our easy-to-
use card marketing promotions. This year, the credit union is targeting 20 percent growth   “Marketing promotions
of new accounts and card balances, already generating well over $3 million in revenue.
                                                                                            have been essential in
                                                                                            helping us continue to
                                                                                            build awareness for
CECU’s card program success is particularly notable in light of a major staff reduction,    our card product.
affecting nearly 4,000 credit union members, at its host company, Cessna Aircraft.          Vantiv allows us to
                                                                                            customize each
The impact of the staff reduction caused CECU to closely re-examine its credit policy and   promotion so that we
                                                                                            can tailor the offer, as
risk factors. That is where we were especially helpful, Wilmoth says. “Vantiv’s experts
                                                                                            well as the look and
helped provide the framework we needed to work through this challenge, build a solid
                                                                                            the feel of the creative
risk-management strategy, and minimize the long-term impact on the portfolio.”              material. They also
                                                                                            handle all the back
                                                                                            office work associated
                                                                                            with managing the
                                                                                            promotion, which
                                                                                            saves us time and
                                                                                            money and allows us
                                                     Cessna Employees Credit Union          to concentrate on
                                                     (CECU) of Wichita, Kansas              serving our members.”
                                                                                            - Kevin Wilmoth,
                                                                                            Vice President of
                                                                                            Operations, CECU


 We're Vantiv. Our experienced professionals develop innovative payment processing
 solutions. We'll work with you to develop programs and tools that simplify your payment
 strategies, while providing you with new sources of revenue. Our people, technology, and
 partnerships are the Vantiv difference. Let's discuss your future success.


 Visit www.vantiv.com for more information.




© Copyright 2011 Vantiv, LLC. All rights reserved.                                                             2

More Related Content

Similar to Cessna Employees Credit Union Soars with New Credit Card Program (Case Study) | Vantiv

Insight Now Co Operative Financial Services Case Study
Insight Now   Co Operative Financial Services Case StudyInsight Now   Co Operative Financial Services Case Study
Insight Now Co Operative Financial Services Case Studymarcio_rodrigues
 
Module 2 building an embedded cebb strategy ppt slideshare
Module 2 building an embedded cebb strategy ppt slideshareModule 2 building an embedded cebb strategy ppt slideshare
Module 2 building an embedded cebb strategy ppt slidesharemfopps
 
Working smarter to manage growth.
Working smarter to manage growth.Working smarter to manage growth.
Working smarter to manage growth.Pivot Software
 
Kevin johnson resume
Kevin johnson resumeKevin johnson resume
Kevin johnson resumeTugboat98
 
Mci Sustainability Report 2011 Creatingvalue.Ashx
Mci Sustainability Report 2011 Creatingvalue.AshxMci Sustainability Report 2011 Creatingvalue.Ashx
Mci Sustainability Report 2011 Creatingvalue.AshxAvantiEvents
 
Thought Paper:Four Strategies to Build the Smarter Bank
Thought Paper:Four Strategies to Build the Smarter BankThought Paper:Four Strategies to Build the Smarter Bank
Thought Paper:Four Strategies to Build the Smarter BankInfosys Finacle
 
Member Business Lending: Growth and Risk Management
Member Business Lending: Growth and Risk ManagementMember Business Lending: Growth and Risk Management
Member Business Lending: Growth and Risk ManagementLibby Bierman
 
Financial analysis
Financial analysisFinancial analysis
Financial analysisAhsanSaeed58
 
The Aa Case Study
The Aa   Case StudyThe Aa   Case Study
The Aa Case StudyMikekholt
 
10 Steps Towards Maximizing Global Liquidity
10 Steps Towards Maximizing Global Liquidity10 Steps Towards Maximizing Global Liquidity
10 Steps Towards Maximizing Global Liquidityforlkc
 
Insights on How to Run a Credit Union: Blending new technologies with traditi...
Insights on How to Run a Credit Union: Blending new technologies with traditi...Insights on How to Run a Credit Union: Blending new technologies with traditi...
Insights on How to Run a Credit Union: Blending new technologies with traditi...NAFCU Services Corporation
 
Reduce DSO by 15 percent
Reduce DSO by 15 percentReduce DSO by 15 percent
Reduce DSO by 15 percentRoger Gallardo
 
J.Babu - CV
J.Babu - CVJ.Babu - CV
J.Babu - CVBabu J
 
201304 Banking in 2016 - by accenture
201304 Banking in 2016  - by accenture201304 Banking in 2016  - by accenture
201304 Banking in 2016 - by accentureFrancisco Calzado
 
Accenture banking 2016
Accenture banking 2016Accenture banking 2016
Accenture banking 2016ruttens.com
 
Executive Compensation for bankers 2010
Executive Compensation for bankers 2010Executive Compensation for bankers 2010
Executive Compensation for bankers 2010BalancedComp, LLC
 

Similar to Cessna Employees Credit Union Soars with New Credit Card Program (Case Study) | Vantiv (20)

Insight Now Co Operative Financial Services Case Study
Insight Now   Co Operative Financial Services Case StudyInsight Now   Co Operative Financial Services Case Study
Insight Now Co Operative Financial Services Case Study
 
Michael Warrell Resume
Michael Warrell ResumeMichael Warrell Resume
Michael Warrell Resume
 
Module 2 building an embedded cebb strategy ppt slideshare
Module 2 building an embedded cebb strategy ppt slideshareModule 2 building an embedded cebb strategy ppt slideshare
Module 2 building an embedded cebb strategy ppt slideshare
 
Working smarter to manage growth.
Working smarter to manage growth.Working smarter to manage growth.
Working smarter to manage growth.
 
Kevin johnson resume
Kevin johnson resumeKevin johnson resume
Kevin johnson resume
 
Mci Sustainability Report 2011 Creatingvalue.Ashx
Mci Sustainability Report 2011 Creatingvalue.AshxMci Sustainability Report 2011 Creatingvalue.Ashx
Mci Sustainability Report 2011 Creatingvalue.Ashx
 
Thought Paper:Four Strategies to Build the Smarter Bank
Thought Paper:Four Strategies to Build the Smarter BankThought Paper:Four Strategies to Build the Smarter Bank
Thought Paper:Four Strategies to Build the Smarter Bank
 
Member Business Lending: Growth and Risk Management
Member Business Lending: Growth and Risk ManagementMember Business Lending: Growth and Risk Management
Member Business Lending: Growth and Risk Management
 
Financial analysis
Financial analysisFinancial analysis
Financial analysis
 
Electric Service Credit Union News
Electric Service Credit Union NewsElectric Service Credit Union News
Electric Service Credit Union News
 
The Aa Case Study
The Aa   Case StudyThe Aa   Case Study
The Aa Case Study
 
10 Steps Towards Maximizing Global Liquidity
10 Steps Towards Maximizing Global Liquidity10 Steps Towards Maximizing Global Liquidity
10 Steps Towards Maximizing Global Liquidity
 
Insights on How to Run a Credit Union: Blending new technologies with traditi...
Insights on How to Run a Credit Union: Blending new technologies with traditi...Insights on How to Run a Credit Union: Blending new technologies with traditi...
Insights on How to Run a Credit Union: Blending new technologies with traditi...
 
Mcny datasheet
Mcny datasheetMcny datasheet
Mcny datasheet
 
Reduce DSO by 15 percent
Reduce DSO by 15 percentReduce DSO by 15 percent
Reduce DSO by 15 percent
 
J.Babu - CV
J.Babu - CVJ.Babu - CV
J.Babu - CV
 
Banking in 2016_by_accenture
Banking in  2016_by_accentureBanking in  2016_by_accenture
Banking in 2016_by_accenture
 
201304 Banking in 2016 - by accenture
201304 Banking in 2016  - by accenture201304 Banking in 2016  - by accenture
201304 Banking in 2016 - by accenture
 
Accenture banking 2016
Accenture banking 2016Accenture banking 2016
Accenture banking 2016
 
Executive Compensation for bankers 2010
Executive Compensation for bankers 2010Executive Compensation for bankers 2010
Executive Compensation for bankers 2010
 

More from NAFCU Services Corporation

Keys to Subservicer Evaluation and Selection | Dovenmuehle 2014
Keys to Subservicer Evaluation and Selection | Dovenmuehle 2014Keys to Subservicer Evaluation and Selection | Dovenmuehle 2014
Keys to Subservicer Evaluation and Selection | Dovenmuehle 2014NAFCU Services Corporation
 
Non-Interest Income and Future Business Models
Non-Interest Income and Future Business Models Non-Interest Income and Future Business Models
Non-Interest Income and Future Business Models NAFCU Services Corporation
 
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...NAFCU Services Corporation
 
Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...
Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...
Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...NAFCU Services Corporation
 
International Payments Post Dodd-Frank: A Game Changer | eZforex.com
International Payments Post Dodd-Frank: A Game Changer | eZforex.comInternational Payments Post Dodd-Frank: A Game Changer | eZforex.com
International Payments Post Dodd-Frank: A Game Changer | eZforex.comNAFCU Services Corporation
 
Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...
Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...
Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...NAFCU Services Corporation
 
Genworth Financial: Slides for Understanding Freddie Mac’s Loan Prospector Fe...
Genworth Financial: Slides for Understanding Freddie Mac’s Loan Prospector Fe...Genworth Financial: Slides for Understanding Freddie Mac’s Loan Prospector Fe...
Genworth Financial: Slides for Understanding Freddie Mac’s Loan Prospector Fe...NAFCU Services Corporation
 
Deluxe Financial Services: Building an effective social marketing program | D...
Deluxe Financial Services: Building an effective social marketing program | D...Deluxe Financial Services: Building an effective social marketing program | D...
Deluxe Financial Services: Building an effective social marketing program | D...NAFCU Services Corporation
 
Credit Control: Best practices for outsourcing receivables
Credit Control: Best practices for outsourcing receivablesCredit Control: Best practices for outsourcing receivables
Credit Control: Best practices for outsourcing receivablesNAFCU Services Corporation
 
Quantivate: Ten tips to improve vendor management program
Quantivate: Ten tips to improve vendor management programQuantivate: Ten tips to improve vendor management program
Quantivate: Ten tips to improve vendor management programNAFCU Services Corporation
 
2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...
2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...
2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...NAFCU Services Corporation
 
Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...
Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...
Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...NAFCU Services Corporation
 
Five Truths to Defining Mortgage Strategy (Webinar Slides)
Five Truths to Defining Mortgage Strategy (Webinar Slides)Five Truths to Defining Mortgage Strategy (Webinar Slides)
Five Truths to Defining Mortgage Strategy (Webinar Slides)NAFCU Services Corporation
 
Branch Network Transformation: Staying Ahead of Shifting Priorities (Slides)
Branch Network Transformation: Staying Ahead of Shifting Priorities (Slides)Branch Network Transformation: Staying Ahead of Shifting Priorities (Slides)
Branch Network Transformation: Staying Ahead of Shifting Priorities (Slides)NAFCU Services Corporation
 

More from NAFCU Services Corporation (20)

Keys to Subservicer Evaluation and Selection | Dovenmuehle 2014
Keys to Subservicer Evaluation and Selection | Dovenmuehle 2014Keys to Subservicer Evaluation and Selection | Dovenmuehle 2014
Keys to Subservicer Evaluation and Selection | Dovenmuehle 2014
 
Debt: The Inheritance No One Wants | Securian
Debt: The Inheritance No One Wants | SecurianDebt: The Inheritance No One Wants | Securian
Debt: The Inheritance No One Wants | Securian
 
Can I Be Compliant and Efficient?
Can I Be Compliant and Efficient? Can I Be Compliant and Efficient?
Can I Be Compliant and Efficient?
 
Non-Interest Income and Future Business Models
Non-Interest Income and Future Business Models Non-Interest Income and Future Business Models
Non-Interest Income and Future Business Models
 
Strategic Succession Planning | DDJ Myers
Strategic Succession Planning | DDJ MyersStrategic Succession Planning | DDJ Myers
Strategic Succession Planning | DDJ Myers
 
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...
 
Credit Scores: What’s Behind the Number?
Credit Scores: What’s Behind the Number? Credit Scores: What’s Behind the Number?
Credit Scores: What’s Behind the Number?
 
Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...
Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...
Insuritas: Boost Income and Expand Wallet Share by Engaging the Digitally Dis...
 
International Payments Post Dodd-Frank: A Game Changer | eZforex.com
International Payments Post Dodd-Frank: A Game Changer | eZforex.comInternational Payments Post Dodd-Frank: A Game Changer | eZforex.com
International Payments Post Dodd-Frank: A Game Changer | eZforex.com
 
Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...
Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...
Money Concepts: Slides for What to Look for in Your Wealth Manangement Progra...
 
Genworth Financial: Slides for Understanding Freddie Mac’s Loan Prospector Fe...
Genworth Financial: Slides for Understanding Freddie Mac’s Loan Prospector Fe...Genworth Financial: Slides for Understanding Freddie Mac’s Loan Prospector Fe...
Genworth Financial: Slides for Understanding Freddie Mac’s Loan Prospector Fe...
 
Deluxe Financial Services: Building an effective social marketing program | D...
Deluxe Financial Services: Building an effective social marketing program | D...Deluxe Financial Services: Building an effective social marketing program | D...
Deluxe Financial Services: Building an effective social marketing program | D...
 
Credit Control: Best practices for outsourcing receivables
Credit Control: Best practices for outsourcing receivablesCredit Control: Best practices for outsourcing receivables
Credit Control: Best practices for outsourcing receivables
 
Quantivate: Ten tips to improve vendor management program
Quantivate: Ten tips to improve vendor management programQuantivate: Ten tips to improve vendor management program
Quantivate: Ten tips to improve vendor management program
 
SAS Institute: Big data and smarter analytics
SAS Institute: Big data and smarter analyticsSAS Institute: Big data and smarter analytics
SAS Institute: Big data and smarter analytics
 
2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...
2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...
2013 NAFCU BFB Survey of Executive Compensation and Benefits (Presentation Sl...
 
Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...
Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...
Study Confirms Debit Strength, Reveals Reward Trends (Payment Choice Study Re...
 
Five Truths to Defining Mortgage Strategy (Webinar Slides)
Five Truths to Defining Mortgage Strategy (Webinar Slides)Five Truths to Defining Mortgage Strategy (Webinar Slides)
Five Truths to Defining Mortgage Strategy (Webinar Slides)
 
Branch Network Transformation: Staying Ahead of Shifting Priorities (Slides)
Branch Network Transformation: Staying Ahead of Shifting Priorities (Slides)Branch Network Transformation: Staying Ahead of Shifting Priorities (Slides)
Branch Network Transformation: Staying Ahead of Shifting Priorities (Slides)
 
Desktop Underwriter® Training Webinar Slides
Desktop Underwriter® Training Webinar SlidesDesktop Underwriter® Training Webinar Slides
Desktop Underwriter® Training Webinar Slides
 

Recently uploaded

Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)ECTIJ
 
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Sonam Pathan
 
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfBPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfHenry Tapper
 
Stock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfStock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfMichael Silva
 
Overview of Inkel Unlisted Shares Price.
Overview of Inkel Unlisted Shares Price.Overview of Inkel Unlisted Shares Price.
Overview of Inkel Unlisted Shares Price.Precize Formely Leadoff
 
Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Devarsh Vakil
 
The Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarThe Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarHarsh Kumar
 
Governor Olli Rehn: Dialling back monetary restraint
Governor Olli Rehn: Dialling back monetary restraintGovernor Olli Rehn: Dialling back monetary restraint
Governor Olli Rehn: Dialling back monetary restraintSuomen Pankki
 
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...amilabibi1
 
PMFBY , Pradhan Mantri Fasal bima yojna
PMFBY , Pradhan Mantri  Fasal bima yojnaPMFBY , Pradhan Mantri  Fasal bima yojna
PMFBY , Pradhan Mantri Fasal bima yojnaDharmendra Kumar
 
GOODSANDSERVICETAX IN INDIAN ECONOMY IMPACT
GOODSANDSERVICETAX IN INDIAN ECONOMY IMPACTGOODSANDSERVICETAX IN INDIAN ECONOMY IMPACT
GOODSANDSERVICETAX IN INDIAN ECONOMY IMPACTharshitverma1762
 
The Inspirational Story of Julio Herrera Velutini - Global Finance Leader
The Inspirational Story of Julio Herrera Velutini - Global Finance LeaderThe Inspirational Story of Julio Herrera Velutini - Global Finance Leader
The Inspirational Story of Julio Herrera Velutini - Global Finance LeaderArianna Varetto
 
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...Amil baba
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证rjrjkk
 
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...Amil baba
 
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证jdkhjh
 
project management information system lecture notes
project management information system lecture notesproject management information system lecture notes
project management information system lecture notesongomchris
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Sonam Pathan
 
Kempen ' UK DB Endgame Paper Apr 24 final3.pdf
Kempen ' UK DB Endgame Paper Apr 24 final3.pdfKempen ' UK DB Endgame Paper Apr 24 final3.pdf
Kempen ' UK DB Endgame Paper Apr 24 final3.pdfHenry Tapper
 
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...Henry Tapper
 

Recently uploaded (20)

Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)Economics, Commerce and Trade Management: An International Journal (ECTIJ)
Economics, Commerce and Trade Management: An International Journal (ECTIJ)
 
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
 
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdfBPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
BPPG response - Options for Defined Benefit schemes - 19Apr24.pdf
 
Stock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdfStock Market Brief Deck FOR 4/17 video.pdf
Stock Market Brief Deck FOR 4/17 video.pdf
 
Overview of Inkel Unlisted Shares Price.
Overview of Inkel Unlisted Shares Price.Overview of Inkel Unlisted Shares Price.
Overview of Inkel Unlisted Shares Price.
 
Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024
 
The Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarThe Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh Kumar
 
Governor Olli Rehn: Dialling back monetary restraint
Governor Olli Rehn: Dialling back monetary restraintGovernor Olli Rehn: Dialling back monetary restraint
Governor Olli Rehn: Dialling back monetary restraint
 
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
 
PMFBY , Pradhan Mantri Fasal bima yojna
PMFBY , Pradhan Mantri  Fasal bima yojnaPMFBY , Pradhan Mantri  Fasal bima yojna
PMFBY , Pradhan Mantri Fasal bima yojna
 
GOODSANDSERVICETAX IN INDIAN ECONOMY IMPACT
GOODSANDSERVICETAX IN INDIAN ECONOMY IMPACTGOODSANDSERVICETAX IN INDIAN ECONOMY IMPACT
GOODSANDSERVICETAX IN INDIAN ECONOMY IMPACT
 
The Inspirational Story of Julio Herrera Velutini - Global Finance Leader
The Inspirational Story of Julio Herrera Velutini - Global Finance LeaderThe Inspirational Story of Julio Herrera Velutini - Global Finance Leader
The Inspirational Story of Julio Herrera Velutini - Global Finance Leader
 
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
 
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
 
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
 
project management information system lecture notes
project management information system lecture notesproject management information system lecture notes
project management information system lecture notes
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713
 
Kempen ' UK DB Endgame Paper Apr 24 final3.pdf
Kempen ' UK DB Endgame Paper Apr 24 final3.pdfKempen ' UK DB Endgame Paper Apr 24 final3.pdf
Kempen ' UK DB Endgame Paper Apr 24 final3.pdf
 
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
letter-from-the-chair-to-the-fca-relating-to-british-steel-pensions-scheme-15...
 

Cessna Employees Credit Union Soars with New Credit Card Program (Case Study) | Vantiv

  • 1. Cessna Employees Credit With nearly 7% penetration and more than $3 million in Union Soars Cessna Employees Credit Union Soars with New Credit Card Program balances generated in the first two years, CECU continues to gain an average of 20 to 25 new card accounts each month, driven in part by Vantiv’s easy-to-use card marketing promotions. Cessna Employees Credit Union launched its credit card program three years ago. One of its important goals – providing nearly 15,000 members with another reason to make the credit union their trusted financial partner. Putting cards in hands was just the first step. Most importantly, CECU wanted its members to use them. CECU sought a card-processing provider that could help develop and promote their new product. One that could build a comfort level with members, build on the credit union’s brand loyalty, and create an attractive, revenue-producing solution. Vantiv was their choice. Kevin Wilmoth, Vice President of Operations at CECU, says the credit union found what it was looking for in Vantiv. A company that not only handles day-to-day back-office issues, but one with “a team of experts that understand the credit card market, with the technology and tools to help us effectively manage and market our cards.” Flexible Solutions Create Large Card Balances Our team of experts helped CECU develop a competitively priced card. CECU‘s Platinum card offers rates between 7.99 and 13.75 percent, with a 1 percent cash-back rebate. Cardholders have many special benefits including easy online access to their accounts. They can also request balance transfers from virtually anywhere, including their mobile devices. Within two years, CECU opened more than 1,000 card accounts, generating millions of dollars in card balances. © Copyright 2011 Vantiv, LLC. All rights reserved. 1
  • 2. One reason for the positive response…the card offers an attractive alternative to the credit union’s signature loans, with an appealing lower rate and a flexible way to manage their finances. Building Card Program Success CECU continues to add 20 to 25 new card accounts each month, thanks to our easy-to- use card marketing promotions. This year, the credit union is targeting 20 percent growth “Marketing promotions of new accounts and card balances, already generating well over $3 million in revenue. have been essential in helping us continue to build awareness for CECU’s card program success is particularly notable in light of a major staff reduction, our card product. affecting nearly 4,000 credit union members, at its host company, Cessna Aircraft. Vantiv allows us to customize each The impact of the staff reduction caused CECU to closely re-examine its credit policy and promotion so that we can tailor the offer, as risk factors. That is where we were especially helpful, Wilmoth says. “Vantiv’s experts well as the look and helped provide the framework we needed to work through this challenge, build a solid the feel of the creative risk-management strategy, and minimize the long-term impact on the portfolio.” material. They also handle all the back office work associated with managing the promotion, which saves us time and money and allows us Cessna Employees Credit Union to concentrate on (CECU) of Wichita, Kansas serving our members.” - Kevin Wilmoth, Vice President of Operations, CECU We're Vantiv. Our experienced professionals develop innovative payment processing solutions. We'll work with you to develop programs and tools that simplify your payment strategies, while providing you with new sources of revenue. Our people, technology, and partnerships are the Vantiv difference. Let's discuss your future success. Visit www.vantiv.com for more information. © Copyright 2011 Vantiv, LLC. All rights reserved. 2