Skip to Navigation | Skip to Content

i3 Projects

Big ideas start here. We found the most captivating next generation leaders, organized them, and set them loose on the consumer finance industry’s most flummoxing problems. The result? The renowned i³ (Ideas, Innovation, Implementation) lab. i3 counts more than 150 innovations since its inception in 2004. Browse through them below.

i3 Ideas in the Spotlight

Debt in Focus

Debt in Focus Sponsored by: SavvyMoney Innovation brief: Debt in Focus: Rethinking Financial Guidance Debt in Focus is an anonymous, online financial assessment tool written in easy-to-understand language that breaks down traditional barriers to financial guidance. This solution allows consumers to quickly and easily receive free customized financial guidance from their...

The Savings Revolution

Savings Revolution The Savings Revolution is like Weight Watchers® for your wallet. The program, introduced and tested by Filene i3 in 2007, allows people to overhaul their financial lifestyles to save money and reduce debt with simple strategies that are supported by social media with credit union collaboration. The Savings...

Prize-Linked Savings

Prize-Linked Savings According to Peter Tufano of Harvard Business School, the average household spends $514 a year on lotteries. Imagine a scenario where credit union members deposit their $514, making them eligible for interest and prizes, preserving their initial investment, and developing life-long savings habits. Prize-linked savings (PLS) is the...

All i3 Ideas

MyDime

Opportunity: Lending institutions offer limited to few options when it comes to loan term options. Solution: MyDime gives members the power to structure a loan that fits their budget.

Imminent Death

Problem: Fifty-five percent of all adult Americans do not have a will, according to a research study from Harris Interactive® and Martindale-Hubbell® for the last three years. The 2011 EZLaw Wills & Estate Planning survey also shows that while 60% of those surveyed said they believe all adults should have...

Centsus

Problem: Jokes about ‘retail therapy’ in popular culture testify to the idea that our spending habits tend to have significant emotional roots. In fact, a 2012 BMO study found that 59% of the study participants make impulse purchases, and over half regret the elective spending that they do. Solution: Centsus connects consumers,...

Just4You

Problem: Research shows that too many options lead to lower probability of purchase and decreased satisfaction. Managing choice overload during new member account openings is crtical so that the easiest decision is not to do nothing at all. Solution: Just4You enables credit union employees to open accounts for consumers that...

Social Cowboy

Problem: Social media has become an increasingly important window into trends, risks, and opportunities within the financial services marketplace. But, most credit unions are unable to provide tangible proof that their social media strategy is successful. Solution: Social Cowboy empowers credit unions to monitor, filter, and leverage conversations around financial...

relaunch

Problem: Nearly 29% of young adults ages 25 to 34 lived at home during recent years, according to a 2011 Pew Research study. Four primary causes of this include: economic stress and the lack of jobs; Millenials' satisfaction with these arrangements; Millenial family ties; and, parental expectations. Solution: relaunch is...

The Great Credit Race

Problem: A person’s ability to obtain financing, rent an apartment, get a cell phone, and get a job can hinge on his or her credit score. And, it’s actually easier to get a loan with a bad credit score than with no credit score at all. Solution: The Great Credit Race...

Credit Union Career Corps

Problem: Thirty five thousand bucks. According to a 2013 Fidelity survey of recent grads, that’s the average debt a student today accumulates upon graduation. And, not surprisingly, many students' plans for debt management is vague. Solution: Credit Union Career Corps introduces recent college graduates to credit unions careers. It's a tuition reimbursement program,...

Cover Me

Opportunity: Non-interest income is subject to more scrutiny than ever before in the financial sector at a time when financial institutions are becoming increasingly dependent on this revenue stream. Solution: Cover Me is a progressive service credit unions can offer that will assist consumers in managing their finances when, where,...

Credit Union Well-Being Incentive Program

Opportunity: Too much of the credit union value proposition had devolved into price. Solution: The Credit Union Well-Being Incentive Program differentiates your credit union by leveraging cooperative roots and shared values, not around traditional demographics, but instead around an emerging psychographic of sustainability and social responsibility.