Case Study: Olympia Federal Savings enhances digital credit reporting with Q2 Software and SavvyMoney

Olympia Federal Savings boosts SavvyMoney engagement to 20% with Q2

Olympia Federal Savings, a financial institution with approximately $800 million in assets, sought a credit reporting and fraud protection solution for its customers that would be both innovative and trustworthy. They partnered with vendor Q2 Software, utilizing the Q2 Digital Banking Platform and the integrated SavvyMoney service to address this challenge.

The solution from Q2 Software involved seamlessly integrating SavvyMoney into the bank's digital platform, providing a secure and easily accessible credit monitoring tool for customers. The results were significant: approximately 10% of digital users registered within the first 30 days, and 20% were actively engaged within six months following a single email campaign. This contributed to a year-over-year net loan growth of over 9% and an increase in home loan applications without any change to the overall marketing approach, successfully positioning Olympia Federal Savings as a modern bank.

Olympia Federal Savings