Through independent research and innovation, the Filene Research Institute explores issues vital to the future of credit unions and consumer finance.
What is the difference between financial literacy and financial capability, and why should credit unions care? Where is financial capability lacking and what are the consequences of low financial literacy? What approaches and methods can better suppport credit unions’ efforts to promote financial literacy and capability? Which groups are the best targets for credit unions’s efforts?
More ...categories » Filene News, Saving/Thrift
Ever since “promoting thrift” was codified as a core value in the Federal Credit Union Act of 1934, credit unions have been interested in ways to help members manage their money well. That task can extend from offering good and basic financial products all the way to offering complex financial advice and in-depth financial education.
More ...categories » Performance Measures, Saving/Thrift, Strategy
The success of Save to Win in Michigan is turning heads. Last Wednesday, Washington State Senators in a vote of 46-2; passed a bill allowing credit unions to offer prize-linked savings accounts.
More ...categories » Innovation, Saving/Thrift