Executive Summary
The phrase survival of the fittest was coined by philosopher Herbert Spencer in 1864, but has since been inextricably linked to the naturalist Charles Darwin. While the term is often interpreted to mean the animal or plant that is most physically fit, Darwin was referring to adaptability to changing environments. This is a useful concept when thinking of the financial services industry and the traits innovators need to help their credit unions succeed amid constant industry evolution.
What is the research about?
In 2011, Filene's i3 actively developed tangible tools for credit union members to drive innovation and change. This report features:
- 16 new idea blueprints designed to help members.
- 3 updated blueprints on ready-to-implement ideas gaining national traction.
What are the credit union implications?
Filene Research Institute’s namesake, Edward A. Filene, once said, “Progress is the constant replacing of the best there is with something better still.” At Filene Research Institute, we live this virtue by changing things before they need changing. i3 has become the credit union system’s “best there is” when it comes to innovation and creativity. Still our goal is constant improvement ... and change ... and progress.
This report is sponsored by PSCU Financial Services.