Filene is hitting the road to bring the latest research where it matters most, your backyard!
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We all know there is more value in gathering in three-dimensions, but with overbooked flights and long travel days, it’s hard to make the time. Filene is taking the hassle of flight delays and long layovers off the table by bringing our research on the road in our new series of Filene Roadshows!
Join us on Tuesday, September 27 for this exclusive opportunity to engage directly with Filene Fellow, Dr. Jeffrey Robinson from our Center for Innovation and Incubation. We are packing in a full afternoon of brain food that will leave you ready to turn innovative ideas into action back at your organization.
This event is free to attend but seats are limited.
Location: Affinity Federal Credit Union
73 Mountainview Blvd
Basking Ridge, NJ 07920
Discover a big bright future
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What will the future hold for credit unions? When the dark clouds roll in, how can credit union leaders see ahead through uncertainty and turn risk into opportunity?
At Filene’s signature event – big.bright.minds. – we’re bringing all six of Filene’s Fellows and other leading experts to the mile-high city for a culmination of the year’s most actionable research and a clear look into how it can support you in leading your credit union through uncertain times.
Day One – October 25
| 9:00 AM (MDT) | Opening Session |
| 9:15 AM (MDT) | Leading Organizations Through Uncertainty Samantha Paxson, CO-OP Solutions |
| 10:30 AM (MDT) | Creating Employee Wellbeing & Engagement Quinetta Roberson, Filene Fellow |
| 11:15 AM (MDT) | Building a Hybrid Culture that Thrives Sekou Bermiss, UNC at Chapel Hill Doug Leighton, Tahoma Advisors |
| 1:00 PM (MDT) | Collaborating Through Challenges Mai Thi Nguyen, Filene Fellow |
| 1:45 PM (MDT) | Filene Day Aways In-Person Only |
| 4:30 PM (MDT) | i3 Science Fair In-Person Only |
Day Two – October 26
| 9:00 AM (MDT) | Welcome Back! |
| 9:15 AM (MDT) | Innovating to Meet Emerging Market Needs Jeffrey Robinson, Filene Fellow Lisa Servon, Filene Fellow |
| 10:45 AM (MDT) | Looking Ahead with Filene Paul Dionne, Filene Josh Sledge, Filene |
| 11:15 AM (MDT) | Innovators in Action Filene’s i3 Program |
| 1:00 PM (MDT) | Differentiation in the Digital Space Bill Maurer, Filene Fellow |
| 2:00 PM (MDT) | Leveraging Data for Growth Cheri Speier-Pero, Filene Fellow |
| 2:45 PM (MDT) | Activating your big.bright.mind. Filene Fellows |
| 6:00 PM (MDT) | Filene Merrymaking In-person Only |
Get a view above the clouds and join Filene to engage with leading minds inside and outside the credit union industry.
Click here to register.
The results are in! On October 18 at 11:00am CDT, join us for the first look into the 2nd annual DEI Practices and Policies Survey.
Building on the first year, this second survey continued to measure and track the credit union industry’s adoption of DEI policy and practice bundles but dove deeper into understanding the effects and relationships between these policies and practices and organizational performance.
All Filene webinars are in Central Time Zone.
Click here to register.
As more and more people opt to receive financial services online or through mobile apps, and physical transactions increasingly take place through ATMs and ITMs, could this mean we are seeing the eventual end of traditional branches? If this is true, the change likely represents a transformation, not an elimination, of the physical branch.
There are big questions looming around physical branches and Filene’s hot topic webinar series continues with a special session looking into the future of branches. Join Filene and a panel of credit union leaders on Thursday, October 6 at 11:00am CDT, as we dive into what the future of branch banking might look like.
All Filene webinars are in Central Time Zone.
The Changing Climate for Credit Unions
Climate change is one of the most important—if not the most important—challenges of the twenty-first century. Transformational change is necessary to confront and adapt to the increasingly severe impacts of climate change. Credit unions are in unique position to aid in this transformation.
EXECUTIVE SUMMARY
Credit unions are an integral part of the U.S. consumer finance system, offering an important alternative to commercial banks and nonbank financial service providers. As a result, credit unions have an essential role to play as financial system stakeholders mobilize to address climate change and the challenges it creates, and ultimately, as the United States undertakes a transition to a net-zero carbon emission economy.
This research report offers an overview of the implication of climate change for credit unions, and recommendations for more effective climate risk management. It describes the climate-related physical and transition risks facing credit unions, the potential impact of climate change on credit unions, the current state of credit union approaches to climate change, and the opportunities available for credit unions from climate adaptation finance. It also provides concrete recommended actions that individual credit unions can take to begin to measure and mitigate the impacts of climate change on their organizations and the credit union system.
Now is the time for credit unions to double down on driving equitable financial services in our most vulnerable communities. Experience shows that credit unions most responsive to member needs during or immediately after climate crises are rewarded with member growth, visibility, and loyalty. Preparing now to cushion blows with flexible financing can be critical to the long-term sustainability of the institution and community.
This report offers an overview of the implications of climate change for credit unions, the risks facing credit unions, and the opportunities available for credit unions to adapt their strategies toward advancing climate solutions. Download the report and learn more about your credit union’s role in combating climate change.
Click here to download/read the report (login required)
Courtesy of Filene Research Institute
Housing was once the most common way most families-built wealth in America, but today, it is a primary driver of financial insecurity for millions of people.
The problem of housing affordability doesn’t affect only a few high-cost cities. It’s pervasive throughout the nation, in the priciest housing markets with the lowest vacancy rates like New York and San Francisco, and the least expensive markets with high vacancy rates, such as Cleveland and Memphis.
Learn about partnerships and programs that credit unions are involved in to provide innovative and collaborative solutions to this pervasive problem, how to help your members from falling into risky alternative financing, and what your credit union can do to help with actionable solutions for your community.
Late last month, the Filene Research Institute published a report on “The Path Forward for Crypto: What Credit Unions Need to Know“.
Cryptocurrencies offer innovative possibilities but also pose many risks.
Credit unions are anticipating greater clarity on crypto regulation while actively seeking opportunities for enhanced staff and leadership training, issuing new financial products, and establishing fintech partnerships in the fast moving landscape of today.
EXECUTIVE SUMMARY
Cryptocurrencies and blockchain technology (“crypto”) have proven more resilient than expected over the past decade and industry leaders are now exploring the opportunities they present for credit unions and their consumers. However, according to credit union leaders, lack of regulatory clarity and support is the greatest roadblock to offering crypto products to members. Additionally, credit unions require specialized knowledge and training to select the most appropriate crypto products and partners to meet the needs of their membership.
Despite encouraging signs and perceived need to offer crypto products, risks are still present. Even with these risks and challenges, credit unions cannot ignore the strong consumer demand for crypto products especially from Millennial and Gen Z members. In order for credit unions to build momentum in the crypto industry, fintech partnerships will be essential given the lack of expertise in these early stages.
CREDIT UNION IMPLICATIONS
In recent years, credit unions have begun exploring how to offer cryptocurrencies and crypto-based financial products to their members. While some credit unions expressed interest in offering their own custodial wallets, lending or investment products, and digital identities for account opening, most seemed to accept partnership as a low-risk, low-investment way to be an industry fast follower.
Crypto has the potential to create innovative products that attract and retain members and reduce back-office inefficiencies. However, despite encouraging signs and a perceived need to offer crypto products, risks still abound. Download this preliminary report for recommendations on how to move forward with crypto.
Click here to read more, sign-in required.
Feb. 7, 2022 — In early December 2021, Filene published insights from its first DEI Practices & Policies Survey. This survey was launched to study Diversity, Equity, and Inclusion (DEI) credit union system policies and practices, specifically documenting the value and the reach of established DEO efforts for organizations.
Now, Filene’s Centers for Diversity, Equity, and Inclusion, the Consumer Financial Lives in Transition, and the Innovation & Incubation come together virtually for their first Research Event on April 5-7, 2022.
Speakers for the event include:
- Quinetta Roberson, Ph.D., John A. Hannah Distinguished Professor of Management and Psychology
Michigan State University - Jeffrey A. Robinson, Associate Professor and Academic Director, The Center for Urban Entrepreneurship & Economic Development
Rutgers Business School -
Lisa Servon; Kevin and Erica Penn Presidential Professor and Chair of City and Regional PlanningUniversity of Pennsylvania Stuart Weitzman School of Design
Learn more about Filene’s efforts and the event by visiting this link.