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Cessna Employees Credit                                                                       With nearly 7%
                                                                                              penetration and more
                                                                                              than $3 million in


           Union Soars
    Cessna Employees Credit Union Soars with New Credit Card Program
                                                                                              balances generated in
                                                                                              the first two years,
                                                                                              CECU continues to gain
                                                                                              an average of 20 to 25
                                                                                              new card accounts each
                                                                                              month, driven in part by
                                                                                              Vantiv’s easy-to-use
                                                                                              card marketing
                                                                                              promotions.



  Cessna Employees Credit Union launched its credit card program three years ago. One
  of its important goals – providing nearly 15,000 members with another reason to make
  the credit union their trusted financial partner.

  Putting cards in hands was just the first step. Most importantly, CECU wanted its
  members to use them.

  CECU sought a card-processing provider that could help develop and promote their new
  product. One that could build a comfort level with members, build on the credit union’s
  brand loyalty, and create an attractive, revenue-producing solution.

  Vantiv was their choice.

  Kevin Wilmoth, Vice President of Operations at CECU, says the credit union found what it
  was looking for in Vantiv. A company that not only handles day-to-day back-office issues,
  but one with “a team of experts that understand the credit card market, with the
  technology and tools to help us effectively manage and market our cards.”

  Flexible Solutions Create Large Card Balances
  Our team of experts helped CECU develop a competitively priced card. CECU‘s Platinum
  card offers rates between 7.99 and 13.75 percent, with a 1 percent cash-back rebate.
  Cardholders have many special benefits including easy online access to their accounts.
  They can also request balance transfers from virtually anywhere, including their mobile
  devices.

  Within two years, CECU opened more than 1,000 card accounts, generating millions of
  dollars in card balances.




  © Copyright 2011 Vantiv, LLC. All rights reserved.                                                                     1
One reason for the positive response…the card offers an attractive alternative to the
credit union’s signature loans, with an appealing lower rate and a flexible way to manage
their finances.

Building Card Program Success
CECU continues to add 20 to 25 new card accounts each month, thanks to our easy-to-
use card marketing promotions. This year, the credit union is targeting 20 percent growth   “Marketing promotions
of new accounts and card balances, already generating well over $3 million in revenue.
                                                                                            have been essential in
                                                                                            helping us continue to
                                                                                            build awareness for
CECU’s card program success is particularly notable in light of a major staff reduction,    our card product.
affecting nearly 4,000 credit union members, at its host company, Cessna Aircraft.          Vantiv allows us to
                                                                                            customize each
The impact of the staff reduction caused CECU to closely re-examine its credit policy and   promotion so that we
                                                                                            can tailor the offer, as
risk factors. That is where we were especially helpful, Wilmoth says. “Vantiv’s experts
                                                                                            well as the look and
helped provide the framework we needed to work through this challenge, build a solid
                                                                                            the feel of the creative
risk-management strategy, and minimize the long-term impact on the portfolio.”              material. They also
                                                                                            handle all the back
                                                                                            office work associated
                                                                                            with managing the
                                                                                            promotion, which
                                                                                            saves us time and
                                                                                            money and allows us
                                                     Cessna Employees Credit Union          to concentrate on
                                                     (CECU) of Wichita, Kansas              serving our members.”
                                                                                            - Kevin Wilmoth,
                                                                                            Vice President of
                                                                                            Operations, CECU


 We're Vantiv. Our experienced professionals develop innovative payment processing
 solutions. We'll work with you to develop programs and tools that simplify your payment
 strategies, while providing you with new sources of revenue. Our people, technology, and
 partnerships are the Vantiv difference. Let's discuss your future success.


 Visit www.vantiv.com for more information.




© Copyright 2011 Vantiv, LLC. All rights reserved.                                                             2

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Cessna Employees Credit Union Soars with New Credit Card Program (Case Study) | Vantiv

  • 1. Cessna Employees Credit With nearly 7% penetration and more than $3 million in Union Soars Cessna Employees Credit Union Soars with New Credit Card Program balances generated in the first two years, CECU continues to gain an average of 20 to 25 new card accounts each month, driven in part by Vantiv’s easy-to-use card marketing promotions. Cessna Employees Credit Union launched its credit card program three years ago. One of its important goals – providing nearly 15,000 members with another reason to make the credit union their trusted financial partner. Putting cards in hands was just the first step. Most importantly, CECU wanted its members to use them. CECU sought a card-processing provider that could help develop and promote their new product. One that could build a comfort level with members, build on the credit union’s brand loyalty, and create an attractive, revenue-producing solution. Vantiv was their choice. Kevin Wilmoth, Vice President of Operations at CECU, says the credit union found what it was looking for in Vantiv. A company that not only handles day-to-day back-office issues, but one with “a team of experts that understand the credit card market, with the technology and tools to help us effectively manage and market our cards.” Flexible Solutions Create Large Card Balances Our team of experts helped CECU develop a competitively priced card. CECU‘s Platinum card offers rates between 7.99 and 13.75 percent, with a 1 percent cash-back rebate. Cardholders have many special benefits including easy online access to their accounts. They can also request balance transfers from virtually anywhere, including their mobile devices. Within two years, CECU opened more than 1,000 card accounts, generating millions of dollars in card balances. © Copyright 2011 Vantiv, LLC. All rights reserved. 1
  • 2. One reason for the positive response…the card offers an attractive alternative to the credit union’s signature loans, with an appealing lower rate and a flexible way to manage their finances. Building Card Program Success CECU continues to add 20 to 25 new card accounts each month, thanks to our easy-to- use card marketing promotions. This year, the credit union is targeting 20 percent growth “Marketing promotions of new accounts and card balances, already generating well over $3 million in revenue. have been essential in helping us continue to build awareness for CECU’s card program success is particularly notable in light of a major staff reduction, our card product. affecting nearly 4,000 credit union members, at its host company, Cessna Aircraft. Vantiv allows us to customize each The impact of the staff reduction caused CECU to closely re-examine its credit policy and promotion so that we can tailor the offer, as risk factors. That is where we were especially helpful, Wilmoth says. “Vantiv’s experts well as the look and helped provide the framework we needed to work through this challenge, build a solid the feel of the creative risk-management strategy, and minimize the long-term impact on the portfolio.” material. They also handle all the back office work associated with managing the promotion, which saves us time and money and allows us Cessna Employees Credit Union to concentrate on (CECU) of Wichita, Kansas serving our members.” - Kevin Wilmoth, Vice President of Operations, CECU We're Vantiv. Our experienced professionals develop innovative payment processing solutions. We'll work with you to develop programs and tools that simplify your payment strategies, while providing you with new sources of revenue. Our people, technology, and partnerships are the Vantiv difference. Let's discuss your future success. Visit www.vantiv.com for more information. © Copyright 2011 Vantiv, LLC. All rights reserved. 2