Through independent research and innovation programs, the Filene Research Institute explores issues vital to the future of credit unions and consumer finance.
Say I’m a conscientious citizen of the world and I don’t mind wearing glamour-challenged shoes. Chances are I’ll be intrigued by TOMS Shoes, a California shoe company that donates a pair of its shoes to a third-world child every time I buy a pair for myself.
categories » CU Tomorrow, Innovation, Lending
- Alex Alexander, 30 Under 30 member
As a graduate student, I am absolutely concerned about student loans. Many people are. At a credit union where I used to work as a member service rep, I remember several students and parents came in looking for some type of student loan product.
Because the CU did not offer student loans, I had to either cross-sell a collateral product to the parents (i.e., home equity) or recommend that the students apply for a Federal Loan through their school, and hope that it would cover their costs.
categories » 30 Under 30, CU Tomorrow, Lending
Kudos to Credit Union One of Oklahoma for this news story about its 0.5% rate discount on environmentally friendly vehicles. These kinds of loans represent market awareness and willingness to try something new. If you can be the first in your market to offer a green loan, as Credit Union One apparently is, they can net you some good PR.
categories » Lending, Philosophy and Values