My colleagues Denise Gabel and Mark Meyer were invited to ring the closing bell of the New York Stock Exchange yesterday
I’m sure they will add their two cents to the why and the how, but just thought I would post this killer picture as a small indication of how proud I am of my co-workers, our organization and our credit union system.
They were there to celebrate Financial Literacy Week (April 11-15), Mark Meyer, Filene CEO, and Denise Gabel, Chief Innovation Officer, joined CFSI’s Jennifer Tescher and Sarah Gordon to ring the Closing Bell. They were joined by funders of CFSI’s Financial Capability Innovation Fund and grantees, including Brooklyn Cooperative FCU.
The honor came on the back of a generous grant from CFSI to help implement and study Lift, which aims to improve score-challenged borrowers’ prospects with improving loan rates as a reward for consistent payments.
Also check out this killer picture:
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That is something you will be telling your grand kids!
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We’re ringing the bell to celebrate innovation, collaboration, and Financial Literacy week.
Our Filene i3 team created an idea called Lift (Lowering Interest Rates for Timely Payments). This idea has received funding from CFSI’s Financial Capability Innovation Fund. See full story here http://filene.org/blog/post/lift-i3-project-garners-big-grant
Bottom line…we’re developing financial products that have the education component built right inside. OUT with traditional financial literacy efforts and IN with true financial capability.
Ding – Ding
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Credit unions have always been WAY ahead of their time in helping members understand how to manage their money and develop financial capability. Finally, Wall Street acknowledges that innovation is part of our DNA!
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