Social Media Marketing: The Basics

Social media describes the online tools that people use to share opinions, experiences and perspectives with each other. Prominent examples include Facebook, LinkedIn, Wikipedia, Foresquare, etc. What’s the best way for businesses to get started in social media marketing? First you need to decide what you want to accomplish (goals and plan), then you need to decide which social media technologies to use. My recommendation is to start with Facebook.

Here are some basics to get you started on Facebook.

Determine goals and plan for your social media marketing

  • You should start with a plan that answers these basic questions: what do you want to say (topics), how do you want to say it (tone/media) and how often (frequency). Assign a person to be the voice of the business. This can be a marketing person to begin with, but once your program is in full swing, you might consider hiring a social media manager. Make a list of potential topics for your page: new products, new hires, in-branch events, promotions, market news, community events, business networking events, financial tips, educational videos, etc. These are some items that at least can be calendared in advance. Balance 70/30 engagement and goodwill posts to sales messages.
  • TIP: look for content that you’ve already published that you can repurpose.

Set up a Facebook business page

  • From the home page of Facebook there is an option to “Create a Page for a celebrity, band or business.” From there you can create a business page for your credit union. You can make the page non-visible until you have completed the page to your desire.
  • TIP: Here’s a great example of a credit union on Facebook: www.facebook.com/fairwinds.

Create a custom Facebook “profile picture”

  • These are custom designed banners that give your business page more brand personality. If you have an in-house graphic designer simply have them make the image size 180×540 pixels. If not, here is one company that makes profile banners: www.imageonegraphicdesign.com.

Complete the information part of profile

  • It is important to complete all of the profile questions so visitors can learn more about your credit union when they visit your page. Of course your website will be linked to the page, but at a minimum you should have a good paragraph about your credit union and what makes it special.

Claim your Facebook URL

  • Be sure and set up a specific URL for your Facebook page so it is easy for people to find the page. Typically the URL for your page would be www.facebook.com/ and then the name of your credit union or your website domain name.

Start connecting with local businesses, i.e. “like” them

  • Once your page is set up, you can start to like other local businesses. This will get your page further exposure to the people who are connected to those local businesses. They may or may not be customers and regardless, they are positive brand impressions for your credit union.

Post photos

  • You can start with casual group shots of different departments within your credit union, for example. This starts to personalize the experience that customers and potential customers will have with your page.

Post upcoming in-branch events

  • Events can be highlighted within your Facebook page, and once you have a fan base, these events will be broadcast to those fans who have liked your page.

Announce your page to customers

  • Send an all-member message announcing your Facebook page asking those who are customers of Facebook to like the page. Hold a contest and giveaway for those who like the page within a certain time period. Place your Facebook URL on all printed and electronic material, in all employees’ email footer, on business cards, etc. Place the Facebook like icon on your credit union website.

Start posting daily

  • In addition to what you have calendared in your social media marketing plan, you can comment on just about anything and everything, within reason. For example, if you’ve had several days of rain and it stops, comment about it. If you happen to celebrate birthdays of employees, announce a birthday. Take a photo or two and post them as well. Re-post articles that your fans might be interested in, like home improvement tips, getting ready for back to school, etc. Multiple opportunities exist around holidays and other times of the year for posting tips and ideas.

About the Author:  Ginny Cain is the owner of Cain Communications, a 360-degree marketing consulting firm, which assists businesses of all sizes with their marketing strategy.

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Another Montana Credit Union Chooses CUBUS Solutions Products

We welcome Montana 1st Credit Union, with nearly 10,000 members and $60 million dollars in assets, as the tenth credit union in Montana to sign up for CUBUS Solutions’ products. Again, thanks to our partnership with CUsource, we have been able to successfully partner with numerous credit unions in the state. Montana First adds CUAlerts and CULetters to their CUBUS product list, which already consisted of CUPoints. Click here to read the full press announcement.

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Top 50 Credit Union Chooses CUBUS Products

Teachers Federal Credit Union, one of the top credit unions in the country, has chosen the CUBUS Solutions’ CUStatements to implement as their electronic statements of choice for their over 200,000 members. Read the full press release here.

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IBM Southeast Employees’ Federal Credit Union Strikes it Big with CUTransfers

Convenience for a geographically-diverse number of members is one of the biggest challenges that IBM Southeast EFCU faces. Read their case study to see how CUTransfers solved this challenge plus gave the credit union big gains in member convenience.

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Montana Loves CUBUS

We welcome Helena Community Credit Union as the ninth credit union in Montana to sign up for CUBUS Solutions’ products. Helena Community Credit Union has over 14,000 members and $133 million dollars in assets. Thanks to our partnership with CUsource, a credit union service organization that provides data processing for more than 22 credit unions in Montana and Washington, we have been able to grow our business quickly in the state. Click here to read the full press announcement.

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ACH Transfer System Added to CUBUS Product Line

ACH transfersWe officially launched our new CUTransfers, an online funds transfer solution, to our online banking suite of products. Check out the coverage we got on Credit Union Times.

CUTransfers is a self-service, online ACH debit and credit transfers system that provides members the convenience and security to make account-to-account and person-to-person transfers and payments.

In this one product, multiple problems are solved. CUTransfers lets credit unions serve geographically disbursed members better, makes it easier for members to interact and provides additional services that increase retention and foster goodwill.

We’ve had a few credit unions using the product over the past two months and have already seen some fairly significant cost and time savings.

Boca Raton-based IBM Southeast Employees’ Federal Credit Union (IBM Southeast EFCU), one of the nation’s largest credit unions with more than $800 million in assets and almost 80,000 members spread across the nation, started using CUTransfers in March.

Since implementation, they have had over 900 members sign up, decreased their manual processes by 25 percent and reduced the number of requests for payment by phone by 40 percent. All in just two months! Read the entire case study here.

Contact us if you have questions about CUTransfers or would like to see a product demonstration.

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