Results from Spokane Teachers Credit Union e-statement challenge
You may recall that Spokane Teachers Credit Union invited members, from Earth Day (April 22) to June 30, to change their paper statements to fast e-statements. The hitch was that for every paper statement members converted to e-statements, STCU promised to buy a tree for a local reforestation project.
The results came back and they are pretty impressive. In less than 10 weeks, members switched more 1,708 month-end statements.
- 1,708 new trees ready to be planted along local waterways.
- Reduction of 41,000 sheets of paper, enough to form a ribbon seven miles long.
- Nearly $1,000 saved on stamps, envelopes, and printing of paper statements.
STCU delivers more than 34,000 e-statements to individual and business members. Their records show that 78 percent of all e-statements go to Washington residents, 8 percent to Idaho, and the remaining 15 percent to members outside the area. The average age of an e-statement user is 41, but the most common age (the mode) is 23. According to STCU, their "most senior user is 98, born 10 years before the first fuzzy TV pictures were shown."
Props to STCU members for loving trees!