preview

Credit Union Marketing Budgets

Satisfactory Essays

OVERVIEW
Hello! Thank you for your question regarding the amount that Credit Unions spend annually on social media. The summarised answer is that Credit Unions spend between $8.00 and $16.00 per member depending on the size of their credit. A Credit Union’s social media marketing budget is around.10% of its assets. You’ll find an expanded answer in the research below.

Social media has become essential as a marketing tool for CU's, which is why 74% of marketers are incorporating social media into their marketing budgets. The CMO Survey released in August 2014, indicates that “marketing budgets are expected to increase by 7.2% in the next year.” With 1.65 billion social accounts that are active globally, social media has become an effective

Get Access