Find out where small adjustments can make a big difference.
Learn MoreAs leading-edge financial institution consultants with decades of combined experience, Advisors Plus works with credit unions and community banks to help them grow and meet challenges unique to their goals. Our consultants create insightful, data-driven portfolio growth recommendations that deliver measurable results. Find out how your financial institution can take advantage of Advisors Plus expertise to expand your credit and debit card portfolios, , optimize operations and fully manage marketing growth campaigns that strengthen your bottom line.
160%
Higher
With Advisors Plus 6.07%
Without Advisors Plus 2.33%
Increasing active accounts is a major factor in determining portfolio growth. Successful financial institutions smartly invest in account acquisition programs while using available information and technology to ensure that high-quality performance standards are maintained. In turn, more quality accounts will drive growth in sales volume and balances – which are the lynchpins for interchange and finance charge revenue respectively.
With Advisors Plus 6.86%
Without Advisors Plus 0.34%
The importance of balance growth is related to the growth of finance charge revenue – the key to a credit card program’s profitability and main driver of the bottom line. With increasing pressure on interest rates, finance charge revenue is an increasingly important component of portfolio profitability.
20x
Higher
82%
Higher
With Advisors Plus 10%
Without Advisors Plus 5.49%
Transaction growth occurs through both account growth and account management. Engaged financial institutions not only focus on growing their account base but also execute targeted marketing programs that increase usage within their existing portfolios. These programs typically include tactics such as Reward incentives and credit line increases – all designed in a way to responsibly increase usage and gain top-of-wallet status.
With Advisors Plus 10.17%
Without Advisors Plus 6.79%
Be sure to look at how your card loans have increased in the past. Is it growth that comes from new balances or is it coming from finance charges and fee income? Do your payments exceed sales, leaving growth to finance charges and fees?
50%
Higher
How can Advisors Plus cost-effectively help your financial institution reach aggressive growth goals?
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