Focus On Niche Markets
What
do we mean by Niche Markets? It will
be different for every credit union, and it depends
on the community(s) you serve. Affordable housing, for
instance, may be a niche that meets a major
membership need. Emerging market lending, a strategy
Prime Alliance has been promoting for more than three
years, may fit your membership well. For an excellent
example of a credit union that has executed an
outstanding emerging markets strategy,
click
here to download the Consumers
Credit Union Video. Consumers focuses on the Hispanic
market, and their story is remarkable. The video will
take less than five minutes of your time, the best,
most strategic five minutes you'll spend today.
Credit unions have always been niche lenders. By
another name we know niche marketing as SEG marketing
or service to our sponsor groups. While the world has
changed since the days of single SEGs, the concept
remains the same. So does the execution. We've been
exceptional at niche marketing since the 1930s, let's
show our competition how it's done.