Skip to Navigation | Skip to Content

Filene: The Blog

Financial Education isn’t Working

Financial Education isn’t Working

Financial illiteracy is more pervasive than we think and education alone isn’t enough, according to Academic Director of the Global Financial Literacy Excellence Center (GFLEC), Professor Annamaria Lusardi.

While a credit union's efforts to provide financial education to their members is done with best intentions, many hurdles to the desired outcome stand in the way. The good news is, there are many solutions we (and others) are testing right now that credit unions can offer members to help reach financial success.

>> Read more

We Are Smarter Together

We Are Smarter Together

60 credit union leaders convened last week in Palo Alto, California to kick off our annual research colloquium with Filene Research Fellow, Huggy Rao, a professor at the Stanford Graduate School of Business. What follows is a summary of the meeting, links to presentations and additional information. A more in-depth report of the proceedings will be available shortly. 

>> Read more 

Stronger Than Stones; Reflecting on Women’s Leadership in Credit Unions

Stronger Than Stones; Reflecting on Women’s Leadership in Credit Unions

My grandmother was not only one of my biggest mentors and supporters in life, but she was also a historian and a genealogist. During Women’s History Month I often find myself thinking about her and how she influenced my life. She frequently told me that the women in our family were born with “stones in the base of our spines.” This was her message of quiet strength that to this day I remember when times are tough.

Filene Research Institute did a series in coordination with the World Council of Credit Unions and the Global Women’s Leadership Network on women in leadership within credit unions. 

>> Read more

Larky Helps Credit Unions Tackle Growth and Relevancy Challenges

Larky Helps Credit Unions Tackle Growth and Relevancy Challenges

I'm pretty good at buying shoes. I do it a few times a year, have a pretty solid idea where to shop and what's going to feel comfortable on my feet. 

Buying a car is the other end of the spectrum for me. I've only done it twice in my life. It feels overwhelming and intimidating. When I last purchased a car, I was so focused on the car itself, negotiating a price, and making sure that I could still play all of my mix tapes, that I hadn't thought much about how I would finance my purchase. The dealer was happy to help guide me toward financing, but my credit union wasn't an option they suggested.

>> Read more

Slaying the Debt Dragon

Slaying the Debt Dragon

National student loan debt has reached more than $1.3 trillion, with 44 million borrowers. This type of debt differs from other types of debt such as home mortgages, primarily because borrowers don’t often see the full picture of what their debt will amount to and the impacts that it may have on their lives until it’s too late.

But your credit union can be the hero -- the financial partner -- your members need now. By signing on to test Debt Dragon, you can help your members tame the beast of student loan debt.

>> Read more

GAC 2017 in Photos

GAC 2017 in Photos

If a picture is worth a thousand words, here are several thousand. See GAC 2017 through Filene's eyes at our Chairman's Breakfast, National Credit Union Foundation's Herb Wegner Memorial Awards Dinner, The Cooperative Trust's Crasher festivities, and of course, the legendary Thunderpunch!

>> See more

Building the Next Generation of Credit Union Leaders

Building the Next Generation of Credit Union Leaders

When we think about community in the financial services space, it is impossible not to think about credit unions. Credit unions are vital to the financial health of communities across the United States. They provide valuable financial services, a deep customer service and a commitment to the communities they serve.

Visa is proud to pledge $1.5 million to strengthen the talent pipeline in credit union industry and work together with Filene and others in the industry to build the next generation of leaders.

>> Read more

The Geography of Serving the Financially Vulnerable

The Geography of Serving the Financially Vulnerable

Maps are not only good for helping us get from point A to B, they help us look at the world in a new way. Our map of the 36 credit union testers in Filene’s Reaching Minority Households Incubator helps tells a story we otherwise wouldn’t see.

>> Read more

#TheresNeverBeenABetterTime…to Love Credit Unions: Happy Valentine’s Day!

#TheresNeverBeenABetterTime…to Love Credit Unions: Happy Valentine’s Day!

Love it or hate it, the time of the year filled with long-stemmed roses, heart-shaped chocolates and cheesy Valentine's Day card puns is here. While we at Filene love and celebrate credit unions 365 days a year, there's truly no better day to express our affection. 

We clearly love credit unions, and so do our newest Fileners Danielle Frawley, Stewardship & Development Director and Tanya Thompson, Membership Manager. Danielle and Tanya have a lot of history working with and serving credit unions and we asked them here to answer a few questions so you can get to know them better. 

>> Read more

Follow Along on our #CrashTheGAC17 Journey

Follow Along on our #CrashTheGAC17 Journey

The Crashers are going to Washington! Yes, once again, The Cooperative Trust has assembled FIFTY of the nation's freshest, bright-eyed, young credit union professionals to make the annual trek to Washington D.C. to "Crash the GAC" and deliver the message that the country's youth care about the future of credit unions! 

Check out the full list of our 50 Crashers, and follow along on their journey with Megan, Blair, Amber and Daniel as they take over The Cooperative Trust's social media in D.C.

>> Read more