The Challenge
Drawing members back into physical branch locations is a common challenge for financial institutions. Yet despite the struggle to draw in new and existing members, the retail marketplace continues to thrive. Stores, coffee shops, and restaurants all still share a great deal of success in drawing in new customers, if their designs and concepts are appealing. But how can financial institutions utilize this same success? How can elements of a retail market be translated into a financial one? For CME Federal Credit Union (CME FCU), it all started with an idea – let’s include a coffee shop within our branch.
CME Federal Credit Union partnered with NewGround to deliver an innovative experience that blended their unique financial service offerings with the cozy comfort and product offerings of Crimson Cup. Crimson Cup had already agreed to the project idea, but CME FCU needed a partner who could build not just the financial part of the building, but also the restaurant and food service sections for Crimson Cup. They also needed a client who could combine the brands in a way that felt natural. NewGround, having experience in both the financial and retail sectors, was happy to help.