Webinar: Putting Financial Well-being for All into Practice

The key to lending to the next generation of borrowers may lie in understanding how credit unions can effectively lend while managing that credit risk. Join Caroline Vahrenkamp, Advisory Services Director at Filene, as she sits down with Kevin Filan, Marketing SVP of Open Lending, to discuss how the needs of near-prime and nonprime borrowers and the needs of credit unions align so well.

Trust is currently at an all-time low in the financial services sector, particularly among low-income and minoritized communities. Emerging technologies may exacerbate challenges for credit unions aiming to establish connections with these crucial segments, as detailed in the report, which concludes with three key takeaways for credit unions seeking to build trust in the communities they serve.

February is Black History Month, an important moment to celebrate the achievements and contributions of Black Americans and to pause, reflect on, and take action to redress the intransigent inequities that Black Americans live with, day-in and day-out.

In times of financial uncertainty, credit unions must provide members with the necessary tools to achieve financial wellness in order to remain relevant and cultivate loyal, long-lasting, and productive relationships with both current and prospective members. Filene partnered with Pocketnest to test their financial wellness app as a solution for credit unions to offer more ways to engage with their members while helping them save more and become more financially sound.