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Filtered Research Reports

Domestic Violence Recovery Loan Program

The Domestic Violence Recovery (DVR) Loan Program was designed to provide survivors of abuse with an affordable option for removing financial barriers to safety and/or rebuilding after an abusive relationship. This report details the development and initial findings from the implementation of the DVR Loan program from May 2014 through...

Consumer Borrowing Preferences and Confidence

Consumer borrowing is an important macroeconomic measure because it parallels consumer spending and serves as important measure of consumer confidence and health.  Loan growth is also of the most important drivers of sustainability for credit unions who depend principally on consumer lending and mortgage lending for the majority of their...

Accessible Financial Services Incubator

According to the St. Louis Federal Reserve, there are now more than 20,000 payday lenders across the country—which tops even the ubiquitous McDonald’s storefront by roughly 40%. These alternative financial services providers offer short-term loans at interest rates that can top 400%. They appeal to desperate consumers with no access...

A Wallet Allocation Rule Approach to Used Car Loans

Login to download the full report and click on the button above for a slide deck on the Wallet Allocation Rule Approach to Used Car Loans. Unlike fast food chains, hotels, or even deposits, loans typically reflect a winner-take-all equation: There are no financial rewards for credit unions when they do not...

A Wallet Allocation Rule Approach to New Car Loans

Login to download full report and click on the button above for a slide deck on the Wallet Allocation Rule Approach to New Car Loans  Unlike fast food chains, hotels, or even deposits, loans typically reflect a winner-take-all equation: There are no financial rewards for credit unions when they do not rank...

A Wallet Allocation Rule Approach to First Mortgages

Login to download full report and click on the button above for a slide deck on the Wallet Allocation Rule Approach to First Mortgages Unlike fast food chains, hotels, or even deposits, loans typically reflect a winner-take-all equation: There are no financial rewards for credit unions when they do not rank first...

Room to Grow: Credit Union Business Lending

Credit unions today are restrained by statute and regulation from lending more than 12.25% of their assets to business, unless they qualify for one of several prescribed exceptions. This restriction continues while the commercial banking industry becomes more concentrated and the composition of its largest assets—loans—shifts away from commercial and industrial lending and toward various...

Blue Ocean Lending for Credit Unions: Point of Sale Financing

This study presents research on the U.S. point of sale financing (POSF) marketplace. POSF is defined as providing financing at the point of sale for large consumer purchases. We estimate the annual potential market size of this market at $391 billion, or approximately 3.5% of annual consumer spending with health...

Helping Members Navigate College Costs

College signals success, at least for those who graduate. Holding a bachelor’s degree is one of the best determinants of higher lifetime earnings, and college graduates are almost uniformly positive about the value of their degree: 98% of those making six figures and up say their degree has paid off, and even 63% of...

The Impact of Two-Tiered Banking: How Credit Unions Can Bridge The Divide

For many consumers, payday lending is a dangerous cycle of indebtedness.  Yet, payday-lending services are in high demand. As a result, policymakers and the public watch the steady rise of payday lending with concern. This study traces the emergence and expansion of payday lending outlets in Winnipeg and rural Manitoba...

2014 Consumer Sentiment: Risk Aversion and Household Inequality

The recovery is here but not here. Consumer sentiment, as measured by spending, investing, and borrowing intentions, is an important indicator, especially when growth is lumpy, spread unevenly by region or industry. Feelings of confidence beget investments and risk taking. More importantly for credit unions, confidence leads to member borrowing—for homes, for cars,...

Seven of the Latest Ideas from Filene i3 (Fall 2013)

In this round of i3, we present seven new ideas of financial products and services for your credit union. These ideas include: Imminent Death: Are We Prepared with a Will? Just4You: You.Lifestyle. Now. Later. Social Cowboy: Because Twit Happens relaunch: Save Up. Start Again. Centsus: Your Money, Your Happiness The...

Consumer Credit Delinquencies: Why Do Some Choose Credit Cards over Mortgages?

The stigma formerly associated with foreclosure is disappearing or, in locales hardest hit by the housing bust, completely gone. In this brief, Professor Ethan Cohen-Cole shows that the disappearing stigma is coupled with a rational consideration on the part of consumers to maintain liquidity in times of financial hardship. Several...

Using Shared-Equity Agreements to Reduce Foreclosures: Policy and Analysis

In March 2009, Filene teamed with the Michigan Credit Union League and Consumer Researcher Bob Manning, to explore the problem of foreclosures in the state of Michigan. The resulting report highlighted 10 ideas to decrease the number of foreclosures. One of these ideas, Shared-Equity Agreements, struck a chord among league...

Mortgage Borrower Risk Profiles, Delinquencies, and Interest Rates in 2005–2008

Mortgage risk, delinquency, and interest rates have become a critical issue for both lenders and borrowers. To help assess these metrics, we released the brief, Mortgage Borrower Risk Profiles, Delinquencies, and Interest Rates in 2005–2008. This brief contains a high level marketplace analysis of mortgage pricing strategies, a review of...