These days, when Credit Unions are striving
to improve the range of services offered
to members, a Savings Card Scheme can give
your Credit Union a real boost. Many Credit
Unions have already recognised that Savings
Cards offer their members substantial benefits
and help protect their own business.
Savings cards are a great way to save
for special occasions, car tax, car insurance,
TV licence, rent etc.
Ideas for Savings Cards:
• Christmas School Books
• Holidays Household Bills
• TV Licence Car Tax
• Insurances etc. School Uniforms
Many of your Members will find using the
Savings Card very useful method of spreading
the cost of shopping, paying bills or saving
for a holiday. Most members save with the
card so that part of the large expense of
Christmas for example is paid for by stamps
saved during the year.
Members welcome the opportunity to spread
the cost of Christmas shopping, School cost
or Holidays over the year by saving regularly.
Huge Benefits to Credit Union
with Savings Cards
1. No more stamps required
2. No more stamp books required
3. Reusable cards replacing stamps
4. Multiple savings card possible for
each member
5. Member can view up-to-date information
on their card at all times for example
value savings stamps on card
6. Credit Unions can view value on each
of their members card in their database
(Multiple records can be generated)
7. Reduced Administrative task, end of
day routines carried out in seconds
8. Constant Advertising
9. Magnetic encoding allowing Card access
in ATM Machine or all other swipe reading
applications
Further Benefits to Credit Unions
1. Improved cash flow from customers'
savings
2. Interest is earned on cash paid in
advance.
3. Self-service Machine ensuring No Labour
Cost.
4. Increased member loyalty, Members who
start saving with you come back regularly
to
5. save and spend through your Credit
Union
6. Turn the Scheme into a promotional
too- give free stamps to promote saving.
Benefits to Members:
1. Security against theft or loss of
stamp card.
2. Members can pay a number of household
and utility bills through Saving Stamps,
including ESB, Eircom and Mobile phone
top-ups.
3. These digital stamps can then be exchanged
for cash, transferred against your loan
or into your savings
4. A Junior savings club helps to introduce
the credit union to children at an early
age and also teaches and encourages them
to save.
5. There are no transaction fees and no
hidden costs associated with this account
which gives you the ultimate savings flexibility.
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