The wedding registry market continues to grow each year with nearly $18 billion spent on wedding gifts in the United States through these various registries. Research has indicated that cash gifts are the most desired gifts by couples. There remains, however, stigma in asking for cash from friends and relatives.
The MatriMoney® account provides a more elegant way for engaged couples to request cash consistent with wedding registries at retail stores. Members with upcoming weddings open an account and provide their guests with information on how to deposit cash gifts directly at the credit union. The transaction is supported by announcement cards and a deposit roster to keep track of givers and gifts.
Options are available for credit unions interested in implementing MatriMoney®. The first is to go about offering it on your own, using the information and materials provided on this site. Over 19 credit unions have already embarked on this initiative. For permission to use the MatriMoney® name, please contact Kelli Beck at North Island Financial Credit Union.
For credit unions looking for some assistance, Fiserv offers a technology solution called MyOccasion. MyOccasion is an invitation management and gift registry solution based on the MatriMoney® concept that makes it easy for members to invite guests and tactfully register for the gift of money during their wedding, as well as other special occasions such as baby showers and birthdays. With this solution, members create a personalized web page about themselves and their event. Guests can visit this web page to RSVP, send messages, and securely deposit monetary gifts into the member’s credit union account. For more information, please contact Fiserv.