By Griffin Rasche, Marketing + Communications Intern
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A day spent observing seniors in a high school test-run, the Debt Dragon tool helps better understand what their student debt totals would be based on their choices in schools, lifestyles and scholarships was eye-opening. Realizing now what I didn't know then was a bit frustrating, but seeing how Debt Dragon could help countless others in my shoes a few years earlier makes me proud of the credit unions that are innovativing with this tool.
It’s a cliché and overused buzzword – game changer – but to be fair, it accurately describes what I’m talking about here.
Merriam-Webster defines ‘game changer’ as “a newly introduced element or factor that changes an existing situation or activity in a significant way.” It's exciting to think about what will be the start of the next big change. It's probably already in your head right now.
By Lexi Noeldner, Marketing + Communications Intern
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I made $5.00 an hour when I was 9. Every Friday afternoon my mom would take me in to work with her to clean my uncle’s office building. After our strenuous workday, my mom and I would head over to the bank right down the road. It took a couple years of maturing and a few jobs later before I even noticed that the bank I went to wasn’t actually called a bank but rather a credit union.
By Danielle Frawley, stewardship and development director
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Why wouldn’t you want to apply to be around a bunch of energized, amazing professionals that are working toward something greater than oneself? Well, there might be a few reasons. It's going to be uncomfortable. You'll have to do things you're not ready to do. It's a lot of work. You'll gain weight...
But I think you'll find what's in the intersection of what's unexpected and what you're passionate about is all the more reason you'll need to say yes to Filene i3.
By Ryan Foss, Managing Director, Innovation, and Elry Armaza, Impact Director & Analyst
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Day two at Finovate Spring 2017 was packed with an additional 24 organizations who got a chance to demonstrate their solutions. Most of the themes from day one continued. Ease of use was king including biometric authentication to simplify the process, big data integration, investment solutions, and more big data and machine learning applications.
The evening of Day One, we had the opportunity to host a CU Dine Around. Credit union folks had a chance to interact with each other in a relaxed environment, away from the vendor hall, and have a meaningful conversation of what they had observed during the sessions and build camaraderie by meeting a new friend of two.
To read more on what we thought the highlights of day two were, ckick here.
Sometimes families are just plain awkward. This awkwardness can take the form of family portraits, the “birds and bees” talk or a surprisingly common family activity: borrowing and/or lending money to each other.
What if your credit union could take the awkwardness out of one of these, and meet people's needs in a simple, cost effective and affordable manner? That’s exactly what we are trying to do with "Bank On Family."
The first day at Finovate Spring in San Jose, CA is in the books! 36 promising start-ups had seven minutes each to demonstrate their solutions live in front of more than 1,500 attendees. Often times at there is a theme or commonality that emerges throughout the day. Not this year as pitches were across the board with startups pitching solutions for data security, to identification authentication, to customer engagement platforms.
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.
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.
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.
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