Sales Contest Ideas for Credit Unions
5 minutes read
We understand that the sales staff of credit unions have a tough job of providing various financial services to millions of people. From opening saving accounts to giving loans and mortgages and offering other financial services, every day seems like a hustle for them. So it’s important to keep them motivated at all times to give their best.
One way to get them excited and enthusiastic about their work is by gamifying their work activities. Below are some amazing sales contests idea that you can organize to motivate and improve the performance of your credit union sales staff
1. The Savings Accounts
Goal: The goal here for your sales reps is to get as many people as they can to create their savings accounts in your credit union
Duration: one month
Points: 50 points per account opened
How to run this contest? Run this contest and encourage your reps to get as many people as they can to open their savings accounts with your credit union. Keep a track of each individual’s progress on a leaderboard and reward the one who comes at the top of the leaderboard by getting the highest number of savings accounts opened.
2. Loan Zone
Goal: To sell various kinds of loans like auto loans, personal loans, emergency loans, etc to as many people as possible
Duration: One quarter
Points: 100 points per loan given
How to run this contest? Run this contest for a period of one quarter and encourage your reps to try to sell as many loans as they can. Keep a track of the number of loans sold by each individual. At the end of the contest period, the person who succeeds in selling more number of loans wins the contest.
3. Masters of Mortgages
Goal: To get your reps to sell as many mortgages as possible to the people
Duration: One quarter
Points: 100 points per mortgage sold
How to run this contest? Run this contest for a period of one quarter and encourage your reps to try and sell as many mortgages as they can. Establish a leaderboard and track each individual’s performance. The person who sells more number of mortgages wins the contest.
4. Customer Service
Goal: To get your reps to provide the best service to all the customers who come to seek your service
Duration: Every month
Points: 10 points for every positive comment received from the customer
How to run this contest? Organize this contest every month and encourage your reps to provide the best service to all the customers and get positive feedback from them. At the end of the contest period, the person with the highest number of positive feedbacks wins the contest and receives exciting prizes.
5. Fee Fulfilment
Goal: To get your reps to reach out to the loan defaulters and get them to pay their monthly installments on time
Duration: Every month
Points: 100 points per loan payment
How to run this contest? Run this contest every month and encourage your reps to reach out to the loan defaulters and get them to pay their monthly installment. At the end of the month, reward the person who succeeds in getting more number of loan defaulters to pay their monthly installment.
6. Race for Referrals
Goal: To get your reps to earn referrals from the existing customers
Duration: One week
Points: 50 points per referral earned
How to run this contest? Run this contest for a period of one week and encourage your reps to try and bring in referrals from existing customers. Keep a track of their progress on a live leaderboard and reward the rep who succeeds in bringing in more number of referrals.
7. Upsell and prosper
Goal: To get your reps to upsell your services to the existing customers
Duration: One month
Points: 50 points per upsell
How to run this contest? Run this contest for a period of one month when you want to increase your sales. Encourage your reps to actively try to upsell your services to existing customers. Reward the person who makes a significant upsell or more number of upsells.
Looking for sales contest ideas for different months? Check out this below:
January - 7 Sales Contest Ideas for January
February - 7 Sales Contest Ideas for February
March - 8 Sales Contest Ideas for March
April - 7 Sales Contest Ideas for April
May - 8 Sales Contest Ideas for May
June - 8 Sales Contest Ideas for June
July - 8 Sales Contest Ideas for July
August - 7 Sales Contest Ideas for August
September - 8 Sales Contest Ideas for September
October - 8 Sales Contests For October
November - 8 Sales Contests for November
December - 7 fun sales contests for December
Looking for more Seasonal Sales Contest Ideas?
7 Fun Sales Contest Ideas to Motivate your Team for Thanksgiving and Black Friday
Want to give cool and creative names for your sales contests? Get naming ideas from this blog below:
Want to give creative and funny names for your sales team? Get ideas from these articles below:
How will you communicate the contests that you organize to your participants?
Once you have a perfect contest idea and a suitable name for it, focus on communicating it effectively to your participants. Follow our sales contest communication template to announce your contest.
Looking for award names and prizing ideas to give out to your contest winners? Read these articles below:
Published on Tue Feb 8 2022