Verve, a Credit Union Closes $3.2 Million in Social Media Loans through Q3 2016

Oshkosh, WI – (October 19, 2016) Chatter Yak!, the Oshkosh, Wisconsin-based CUSO specializing in marketing, advertising and social media consulting, announces yet another incredible success story from one of their clients using Yak Tracker, their premium lead generation application, which allows credit unions to use social and digital media to generate leads and revenue.

Chatter Yak! is pleased to report that Verve, a Credit Union a $766 million credit union based out of Oshkosh, WI, who closed over $2.5 million in loans using Chatter Yak’s Yak Tracker in 2015, has announced that through September of 2016 they have closed an astonishing $3.2 million in loans via social media surpassing last year’s numbers with a quarter of the year remaining. Verve’s success has already netted them $39,531 in non-interest income in addition to the more than $3.2 million they have added to their loan portfolios. The breakdown of Verve’s total loans include 209 auto loans, 48 new credit cards with balance transfers and 7 mortgages/HELOCs.

This sort of success is nothing new for credit unions using Yak Tracker as Chatter Yak! most recently reported that Honor Credit Union, a $700 million credit union in Southwest Michigan closed over $500 thousand in the month of August alone. “We’re always extremely happy when we learn of the successes of our credit union partners,” remarked Bryce Roth, President and Co-founder of Chatter Yak!. “When credit unions can save their members money and keep the financial engine of their organization churning at a healthy clip, it’s a win for both of us,” he concluded.

In an effort to help more credit unions learn how they can turn their social media channels into a source of profitability, Chatter Yak! is hosting a free webinar on October 25 at noon ET. Credit unions should feel free to register by clicking here.

Contact Bryce Roth for your free Yak Tracker demo today.