for integrated advertising, promotion, and marketing communications, 7e clow and baack advertising...
TRANSCRIPT
![Page 1: For Integrated Advertising, Promotion, and Marketing Communications, 7e Clow and Baack Advertising Agency Emogen Marketing Group 1 Centric Federal Credit](https://reader035.vdocuments.site/reader035/viewer/2022070407/56649e205503460f94b0c99c/html5/thumbnails/1.jpg)
ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 1
for Integrated Advertising, Promotion, and Marketing Communications, 7e
Clow and Baack
Advertising AgencyEmogen Marketing Group
Centric Federal Credit Union
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc.
Integrated Campaigns In Action:
Agency Background• Emogen Marketing Group
– Full-service creative marketing firm– Primary focus on increasing clients’
revenues– Started in 2007– Current staff
• 4 full-time employees• 1 part-time employee• Various freelancers
Brian WarrenOwner; Account Exec &
Creative Director
Sarah WarrenOwner; Marketing
Consultant
2
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 3
Integrated Campaigns In Action:
Client Background (Part 1)
• Member-owned, member-operated, and member managed
• Income generated through loans• Loans constrained by deposit volume• Centric provides same financial services as bank• Since non-profit - profits paid back to members
– Lower fees– Better interest rates– Dividend payments
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 4
Integrated Campaigns In Action:
Client Background (Part 2)
• Membership requires application• Deregulation increased flexibility in membership
criteria• 2005 name changed to Centric Federal Credit
Union from Forest Kraft Federal Credit Union• Adopted new technologies• Remodeled locations• Customer-focused in-center floor plan
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 5
Integrated Campaigns In Action:
Client Background (Part 3)
• Public holds misconception of credit unions– Who can join?– Services offered?
• Low awareness of Centric• High number of members who joined strictly to
obtain loans– Held minimum in savings and/or checking
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 6
Integrated Campaigns In Action:
• Objective – Increase Deposits–Loans tied to level of deposits–Loans generate primary revenue
Agency Challenge
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 7
Integrated Campaigns In Action:
• Increase new memberships– Checking accounts
• Increase deposit accounts and balances– Current members
• Update website– Improve communications– Reflect advances in technology and services
Plan of Action
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 8
Integrated Campaigns In Action:
• Challenge – educate potential members– Who is eligible to join?– Why is Centric best option?
• Complex messages for traditional advertising
Increase New Memberships
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 9
Integrated Campaigns In Action:
Focus on selling benefits of “banking” with Centric – not on selling a credit union.
Increase New Memberships
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 10
Integrated Campaigns In Action:
• Benefit of “banking” with Centric– Lower account fees– Higher dividend rates on deposit accounts– Lower interest rates on loans
Increase New Memberships
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 11
Integrated Campaigns In Action:
“Redefining banking”
“Just like a bank … only better”
Taglines
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 12
Integrated Campaigns In Action:
• Benefit focus: no-fee, basic checking account• Campaign message: “Free-er Than Free Checking”• Execution approach was humor• Media
– Television– Radio
Broadcast Campaign
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 13
Integrated Campaigns In Action:
Television Ad - Sasquatch
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 14
Integrated Campaigns In Action:
Television Ad - Leprechaun
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 15
Integrated Campaigns In Action:
• Longer commitment required• Simplified message• Focus on answering
– “What is Centric?”– “Why choose Centric”– “What services does Centric offer?”
• Billboard Messages– Checking – Savings – Loans– Fewer fees. Better rates. Nicer people.
Billboard Campaign
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 16
Integrated Campaigns In Action:
Billboard
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 17
Integrated Campaigns In Action:
Billboard
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 18
Integrated Campaigns In Action:
• Direct mail campaign to members without checking accounts
• Telephone follow-up calls• “Crack the Safe” promotion for each new
account opened
Increase Deposit Accounts and BalancesCurrent Members
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 19
Integrated Campaigns In Action:
• With each new account opened, member guessed digital lock on safe
• Winning code won new car valued at $40,000• Contest extended to new members
“Crack the Safe” Contest
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 20
Integrated Campaigns In Action:
Postcard (Page 1)
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 21
Integrated Campaigns In Action:
Postcard (Page 2)
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ClowBaack – Integrated Campaigns in Action Copyright © 2016 Pearson Education, Inc. 22
Integrated Campaigns In Action:
Update Website