Santa Clara County Federal Credit Union in San Jose, California, serves more than 47,000 members and has assets topping $655 million.
The credit union needed to boost its loan generation program and was looking for a new way to reach members with personalized loan offers.
We designed and delivered a custom direct mail campaign featuring an eye-catching 3-in-1 “iron cross” direct mailer. Thanks to its unique, multifunctional format, the iron cross stood out from the crowd while displaying several different loan products in a single direct mail piece – making the most of a campaign budget while offering impressive return.
By using variable data, rates were personalized based on credit scores and history, ensuring members received the most competitive offers possible.
In just three months, 14,533 members were contacted and 577 new loans were generated:
183 credit cards
233 personal loans
161 auto loans
Total Loan Balances Generated:
4% of contacted members took out a new loan
IN THEIR WORDS
“The results were phenomenal! This multi-product pre-approval mailing received the most responses of any offer we have sent in the last 15 years! The offer was good for a three-month period, and we followed up the mailer with an email that was also designed by image.works.
image.works is so much more than you see in their Idea Book. They not only offer great turn-key solutions that are quick and budget friendly, but they can also work with you on customized pieces too! Their outstanding customer service and responsiveness is what keeps us returning as a client.”
-Chris Reyes, Marketing Manager