19. Experiences are a distinct economic
offering – as distinct from services as
services are from goods. Experiences
are memorable events that engage
each customer in an inherently
personal way and thereby create a
memory as the hallmark of that
experience.
-Joseph Pine II
20. The best strive towards
the day they leave
behind the safety net
21. Business-to-Consumer
• Auto Parts and Service (Retail)
• Cable and Satellite TV
• Insurance (Auto & Home and Health Insurance)
• Internet TV
• Restaurants
• Retail Banking
• Wireless
Business-to-Business
• Accounting and Tax
• Telecommunications
• Office and Business Supply Services
22. In the last 12 months, in your opinion, what has happened to the
state of your credit union’s customer experience?
It has gotten worse
It has remained unchanged
We have made marginal improvements in customer experience
We have made great strides in improving our customer experience
I don’t know
A
b
c
d
e
23.
24. of executives said the
customer experience delivered
by their bank/credit union has
improved in the past 12 months
Source: PeopleMetrics Most Engaging Customer Experiences Study
25. of customers said the
customer experience delivered
by their bank/credit union has
improved in the past 12 months
Source: PeopleMetrics Most Engaging Customer Experiences Study
26. CUSTOMERS ranked ONLINE AND MOBILE TECHNOLOGY among
their top three priorities for improvement from their bank
27. FUTURE IMPROVEMENT PRIORITIES
Ranked Importance
CUSTOMER
PRIORITIES
EXECUTIVE
PRIORITIES
PRODUCTS
ACTING ON FEEDBACK/ IMPROVE SERVICE
FIND AND KEEP TALENTED EMPLOYEES
CUSTOMER-FACING TECHNOLOGY (MOBILE, DIGITAL)
PUT CUSTOMER FIRST
VoC/ ASKING FOR FEEDBACK
INTERNAL TECHNOLOGY/ CUSTOMER-FACING PROCESSES
PHYSICAL BRANCHES
4 1
FALSE
28. FUTURE IMPROVEMENT PRIORITIES
Ranked Importance
CUSTOMER
PRIORITIES
EXECUTIVE
PRIORITIES
PRODUCTS
ACTING ON FEEDBACK/ IMPROVE SERVICE
FIND AND KEEP TALENTED EMPLOYEES
CUSTOMER-FACING TECHNOLOGY (MOBILE, DIGITAL)
PUT CUSTOMER FIRST
VoC/ ASKING FOR FEEDBACK
INTERNAL TECHNOLOGY/ CUSTOMER-FACING PROCESSES
PHYSICAL BRANCHES
1
2
3
4
5
6
7
8
1
2
3
4
5
6
7
8
29. 71%
60% 63%
69%
29%
21%
29%
42%
Take individual action
on customer feedback
Disciplined decision
making around the
customer
Common
understanding of Cx
Established goals for
improvement
Growth Banks Non-Growth Banks
33
pts
42
pts
40
pts
27
pts
30. 71%
60% 63%
69%
29%
21%
29%
42%
Take individual action
on customer feedback
Disciplined decision
making around the
customer
Common
understanding of Cx
Established goals for
improvement
Growth Banks Non-Growth Banks
33
pts
42
pts
40
pts
27
pts
Focus on
these two
51. 27%
of national banking
customers report a
neutral or negative
emotional memory
13%
of community bank
customers report a
neutral or negative
emotional memory
52. Enjoyable
Easy
Meets Needs 83% 89%
84% 90%
63% 78%
NATIONAL COMMUNITY
15
pts
6
pts
6
pts
T
R
U
S
T
Source: Forrester Customer Experience Index
53. Enjoyable
Easy
Meets Needs 83% 89%
84% 90%
63% 78%
NATIONAL COMMUNITY
15
pts
6
pts
6
pts
T
R
U
S
T
You already
have this
Source: Forrester Customer Experience Index