Un-/Underbanked Populations

With financial institutions and businesses committed to community social impact like never before, a sense of urgency to address society’s most difficult social issues has emerged.

This report focuses on two specific aspects of economic trends: rising income volatility and health care needs, and the role of credit unions in reducing the negative impacts of income volatility.

This brief proposes that credit unions can be key disportors in the cycle of poverty and justice-involvement among women while improving the banking experience for their members more broadly.

Credit unions have an opportunity to differentiate by providing inclusive financial services to the un/underbanked, with lessons from alternative financial services providers like payday lenders.

Filene reviews credit union use across US groups and identifies opportunities for credit unions to grow membership among three: Hispanic...

Minority households in the United States are far more likely to be unbanked or underbanked compared to others. Credit unions...

Many traditional financial institutions struggle to meet the needs of minority households. Filene, Visa, and the Ford Foundation conducted this research to find out why.

Qualitative Research Findings from the Reaching Minority Households Incubator Filene tracked the outcomes of three lending programs through the lives...

In the 20th century, credit scoring made a revolutionary shift with the introduction of statistically driven credit scoring. Over time, alternative...