Sprint Credit Union Member Discount Program Overview

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Sprint Credit Union Member Discount Program Overview

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Title: Sprint Credit Union Member Discount Program Overview


1

Sprint Credit Union Member Discount Program
Overview
2
  • Give your members one more great way to save with
    the choice and flexibility of Sprint. They have
    more options in phones, plans, and services than
    ever before.

3
Welcome to the Sprint Credit Union Member
Discount Program
  • Invest in America and Sprint adds value to being
    a Credit Union Member
  • Seven years ago we created a wireless program
    that helps you reward your members while
    reinforcing the value of being a credit union
    member.
  • Invest in America and Sprint adds value to
    participating Credit Unions
  • As a participating credit union, you will
    generate non-interest income
  • A win-win value proposition for everybody!!

4
Program Highlights
  • Over 1.2 Million members have taken advantage of
    the program
  • Credit unions earn non-interest income
  • Over 1,200 Credit Unions actively promoting the
    program
  • 39 State Leagues supporting the program
  • Membership loyalty increases as member benefits
    increase

5
Credit Union Benefits
  • Marketing incentives for participation is a great
    way for credit unions to earn non-interest income
  • Effective tool to promote the added-value of
    membership
  • FREE marketing materials for statement mailings,
    web site and in-branch distribution
  • Unique offers available only from Sprint
  • Sprint handles all member service needs
  • Opportunities to work with local Sprint stores to
    support community businesses

6
What are the Benefits to Your Employees Members?
Credit Union Members Employees (personal
accounts) Credit Unions and Business
Members (business accounts set up with tax
id's)
  • 10 discount on individual liable monthly
    recurring Sprint charges
  • Waived activation fee on new lines (approx. 36
    savings)
  • Waived upgrade fee (approx. 18 savings)
  • Nationwide coast-to-coast coverage
  • National rates
  • Existing Sprint customers are eligible

10 Off MRC
  • 15 discount on corporate liable monthly
    recurring Sprint charges
  • Waived activation fee on new lines
  • Flat-rate pricing (No Mail-in Rebates)
  • Equipment discounts
  • Nationwide coast-to-coast coverage
  • National rates
  • 49.99 Unlimited 4G/3G Broadband Card
  • Existing Sprint customers are eligible

15 Off MRC
7
Marketing Requirements
  • Contract Year runs October 1 through the
    following September 30
  • Promote the service on an exclusive basis to your
    members
  • Distribute Sprint inserts to all members in a
    quarterly statement mailing at least once per
    Contract Year
  • Continuously display Sprint marketing materials
    in the lobbies of the CU
  • Publish approved articles/ads in the CU quarterly
    newsletter at least two (2) times per Contract
    Year
  • Post the approved Sprint banner ad and link on
    the CU Web site
  • All Marketing materials are provided FREE of
    charge!

8
Marketing Materials
Lobby Poster for Take ones 8.5X11

English Insert 3.5 X 6.5
Spanish Insert 3.5 x 8.5
Hanging Banner 2 x 3
Web Banner
  • E-statement artwork
  • Videos for web site and digital lobby displays

9
Marketing Incentive Calculation
  • Marketing Incentive
  • The Incentive Pool is created from revenues
    earned during the Contract Year.
  • CUs are paid the percentage of the incentive pool
    that is equal to their percentage of the total
    audience of members being marketed to nationally.
  • Sample
  • Credit Union Incentive Pool 2,000,000
  • Total members being marketed to (from Promotion
    Agreements/NCUA reports) 5,000,000
  • ABC CU members in pool 50,000
  • 50,000/5,000,000 1
  • 2,000,000 X 1 20,000
  • ABC CU Marketing Incentive 20,000
  • Marketing Schedule
  • NEW participating CUs in their 1st Contract Year
    will receive incentives as follows
  • First Quarterly Insert Mailing of incentive
    CU will earn
  • October 10 100
  • January 11 75
  • April 11 50
  • July 11 25
  • In the second and following Contract Years,
    assuming all requirements are fulfilled,
    participating CUs will receive 100 regardless of
    what month they do their quarterly statement
    mailing.

10
Marketing Incentive Trends
Credit Union Membership Size 06 / 07 Payments 07 / 08 Payments 08 / 09 Payments 09/10 Payments
2,000 380 420 730 820
10,000 1,900 2,100 3,650 4,100
30,000 5,700 6,300 10,950 30,000
50,000 9,500 10,500 18,250 20,500
100,000 19,000 21,000 36,500 41,000
200,000 38,000 42,000 73,000 82,000
  • Program year is October 1st September 31st. CU
    incentives paid in December
  • First years incentive based upon first quarterly
    insert mailer
  • Estimated payments. Actual incentives vary
    based on total program revenue generated and
    total membership pool.

11
How Do Members Get These Benefits?
  • Members need to say theyre a Credit Union
    Member ask to be connected to the Corp Id
    NACUC_ZZM
  • Visit Any retail outlet where Sprint products
    are sold
  • Call 877.SAVE.4.CU (8 7 7 . 7 2 8 . 3 4 2 8)
  • Click www.SprintSave4CU.com or
  • www.LoveMyCreditUnion.org

12
How Do Credit Unions Enroll?
  • Call 800-262-6285 ext 521
  • Visit www.LoveMyCreditUnion.org or
  • Rhonda.peruski_at_CUsolutionsgroup.com
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