Filene Research Institute Explained

Filene Research Institute
Type:Cooperative
Location City:Madison, Wisconsin
Location Country:United States
Key People:Mark Meyer, president and CEO
Patsy Stewart, chief finance officer and COO
Christie Kimbell, chief experience officer[1]
Industry:Finance
Products:Basic and applied research, product testing and incubation, advisory services, training and education, events and communities[2]
Homepage:filene.org

The Filene Research Institute is an American credit union and consumer finance think tank headquartered in Madison, Wisconsin.

History and objective

Founded in 1989,[3] [4] it is committed to research and innovation to further the credit union movement and support consumer financial wellbeing. The institute is named for Edward Filene, a Boston, Massachusetts-based businessman and philanthropist who was instrumental in the creation of credit unions in the U.S.

In 1993, the institute published a research report on the evolution of credit union field of membership, helping to lay the groundwork for H.R 1151, the Credit Union Membership Access Act.[5] [6]

In 2003, the institute started the REAL Solutions project to study financial services for low-income households and address predatory lending and other fringe financial services. The project became a program of the National Credit Union Foundation in 2007.[7]

In 2004, the institute launched an innovation training program called i3 (for "Ideas, Innovation, Implementation"), which brings together credit union executives to identify new solutions and business models in financial services.[8]

In 2010, the institute established the Cooperative Trust program and community to support credit union young professionals.[9] [10] In 2017, the Cooperative Trust was awarded the Herb Wegner Memorial Outstanding Program Award by the National Credit Union Foundation [11]

The institute engages several prominent academic researchers, including:

Partnerships

In early 2012, it partnered with Saveup; a company which rewards fiscal responsibility.[18]

The institute is a grantee of the Center for Financial Services Innovation.[19]

The institute has also been supported by the Ford Foundation and Visa to conduct research on financial services for households of color, including Latino/a and immigrant households.[20] [21] [22]

See also

External links

Notes and References

  1. Web site: Filene Research Institute. People. 26 Feb 2019.
  2. Web site: Filene Research Institute. About. 26 Feb 2019.
  3. https://filene.org/history "History - Filene Research Institute"
  4. News: Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times. CU Times. 2019-02-28. en-US.
  5. News: Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times. CU Times. 2019-02-28. en-US.
  6. News: Hoel Passes Torch at Filene after 15-Year Run - CU Times. CU Times. 2019-02-28. en-US.
  7. News: Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times. CU Times. 2019-02-28. en-US.
  8. News: Filene Launches New Group: i3 - CU Times. CU Times. 2019-02-28. en-US.
  9. https://www.cooperativetrust.com/about "About - The Cooperative Trust"
  10. News: Crashers Land a New Leader - CU Times. CU Times. 2019-02-28. en-US.
  11. https://www.ncuf.coop/news/press/cooperative-trust-wegner-awards-2017.cmsx, "The Cooperative Trust Honored for Professional Development Efforts as 2017 Herb Wegner Memorial Award Winner"
  12. News: Visa sponsors Filene's new research center focused on credit union talent - CUInsight. CUInsight. 2019-02-28. en-US.
  13. News: PSCU sponsors Filene Center of Excellence - CUInsight. CUInsight. 2019-02-28. en-US.
  14. News: Filene selects Bill Maurer as Emerging Technology Research Fellow - CUInsight. CUInsight. 2019-02-28. en-US.
  15. News: Filene Launches New Center of Excellence and Welcomes New Research Fellow. PRNewsWire. 2020-03-03. en-US.
  16. News: Filene consumer research gets $1M from CUNA Mutual. CUNA. 2019-02-28. en-US.
  17. News: Filene Launches Center of Excellence to Explore Consumers' Changing Financial Lives. Yahoo Finance. 2020-03-03. en-US.
  18. Web site: Myriam DiGiovanni January 20, 2012 • Reprints . Filene Partners With New Savings Rewards Program . Cutimes.com . 2012-01-20 . 2012-07-25.
  19. Web site: Center for Financial Services Innovation. Filene Research Institute: CFSI Evaluates Finovate Fall 2011 Report Card. 11 May 2013.
  20. News: Filene study examines loan needs of underbanked and minority households - CU Journal. CU Journal. 2019-02-28. en-US.
  21. News: Visa Aims to Strengthen Minority Household Access to Financial Products and Services - BusinessWire. BusinessWire. 2019-02-28. en-US.
  22. News: Filene Plans National Launch of Immigrant Lending Program - CU Times. CU Times. 2019-02-28. en-US.

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