Happy Thanksgiving and thanks for the love! We are humbled and appreciative of your terrific support. We know 2009 has been a difficult year for your members and credit union. As your “think and do” tank we have managed your donations judiciously to ensure the value of the research and innovation pays dividends back to those in the community you serve.
Highlights from 2009 include:
Doubled production. On the same fiscal budget as 2006, Filene authored 29 new research reports, including, Characteristics of Credit Union Mergers, Comparison of Credit Union and Bank Pricing, and Evaluating the Single Financial Services Regulator Question.
Unveiled 14 new innovations, such as Debt in Focus, now in use by almost 300 credit unions and 50,000 members.
Piloted Prize-Linked Savings Accounts with Peter Tufano, Professor Harvard Business School, D2D Fund, Michigan Credit Union League and eight Michigan credit unions resulting in national attention and policy debate with the FDIC and Lottery Commission.
Championed Savings Challenges across the Country with over 60 credit unions offering debt reduction, reality-based member competitions resulting in Educators Credit Union of Racine, WI receiving the Governor’s Award for Financial Literacy.
Presented advisory engagements with dozens of Filene researchers such as Bob Manning from Rochester Institute of Technology Dorian Stone, partner, McKinsey & Company and Maya Bourdeau, psychological marketing expert.
Informed policy decisions at the U.S. Department of the Treasury and the Michigan State Senate.
Placed seven MBA students in credit unions across America.
We are approaching 2010 with measured optimism. Now more than ever, knowledge is power and forward-thinking allies are mission critical. As Filene moves forward we hope to return the love by continuing to improve our research and increase our value to you by expanding our role to include advisory services. Enjoy your holiday and thank you for the support and the work you do to serve over 100 million members.
Feel free to contact us with questions, comments, or suggestions for our research and innovation efforts.
Ideas Grow Here!
Mark
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