Tuesday, June 26, 2012

Keep Credit Union Member Attention with Online Applications


credit union online applications from CU Solutions Group

The other day I was looking to sign my children up for summer camp. I clicked on the camp application button and was given a PDF to print, fill out and either fax or drop by the camp office. Now, I’m lucky enough to have easy access to a fax machine, so the process was fairly simple. But it got me thinking what an inconvenience it would be if I didn’t and had to make a special trip just to drop off my paperwork. 

It further got me thinking about all you credit unions out there and if you’re making it painless for potential members to apply for membership or current members to apply for loans on your website. How many times have you stopped doing something online because it didn’t seem worth the effort? You’re not alone, about three-quarters of online shoppers habitually abandon their shopping carts.

Playing for Keeps
Once you get potential or current members on your website don’t give them easily-avoidable reasons to leave. You’ve got their attention; they want to take the steps needed to apply for membership, loans or credit cards – so strike while the application iron is hot. Give them access to user-friendly online applications to keep their attention and keep them on your website. 

According to a Forrester Research study in American Banker this month, 37 percent of U.S. consumers who purchased financial services applied for them online in 2011. That’s a five percent increase from the year before. Take advantage of this upward trend at your credit union and offer them online applications. 

CU Solutions Group offers online application programs like Xpress Membership, Xpress Lite and Loan Decision+. Don’t let another online opportunity pass you by. Call us at 800.262.6285 or email info@cusolutionsgroup.com.

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