Filene Research Institute

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

Filene Research Institute
TypeCooperative
IndustryFinance
Founded1989 (1989)
Headquarters
Madison, Wisconsin
,
United States
Key people
Mark Meyer, president and CEO
Patsy Stewart, chief finance officer and COO
Christie Kimbell, chief experience officer[1]
ProductsBasic and applied research, product testing and incubation, advisory services, training and education, events and communities[2]
Websitefilene.org

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

References
  1. Filene Research Institute. "People". Retrieved 26 Feb 2019.
  2. Filene Research Institute. "About". Retrieved 26 Feb 2019.
  3. https://filene.org/history "History - Filene Research Institute"
  4. "Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times". CU Times. Retrieved 2019-02-28.
  5. "Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times". CU Times. Retrieved 2019-02-28.
  6. "Hoel Passes Torch at Filene after 15-Year Run - CU Times". CU Times. Retrieved 2019-02-28.
  7. "Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times". CU Times. Retrieved 2019-02-28.
  8. "Filene Launches New Group: i3 - CU Times". CU Times. Retrieved 2019-02-28.
  9. https://www.cooperativetrust.com/about "About - The Cooperative Trust"
  10. "Crashers Land a New Leader - CU Times". CU Times. Retrieved 2019-02-28.
  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. "Visa sponsors Filene's new research center focused on credit union talent - CUInsight". CUInsight. Retrieved 2019-02-28.
  13. "PSCU sponsors Filene Center of Excellence - CUInsight". CUInsight. Retrieved 2019-02-28.
  14. "Filene selects Bill Maurer as Emerging Technology Research Fellow - CUInsight". CUInsight. Retrieved 2019-02-28.
  15. "Filene Launches New Center of Excellence and Welcomes New Research Fellow". PRNewsWire. Retrieved 2020-03-03.
  16. "Filene consumer research gets $1M from CUNA Mutual". CUNA. Retrieved 2019-02-28.
  17. "Filene Launches Center of Excellence to Explore Consumers' Changing Financial Lives". Yahoo Finance. Retrieved 2020-03-03.
  18. Myriam DiGiovanni January 20, 2012 • Reprints (2012-01-20). "Filene Partners With New Savings Rewards Program". Cutimes.com. Retrieved 2012-07-25.CS1 maint: multiple names: authors list (link)
  19. Center for Financial Services Innovation. "Filene Research Institute: CFSI Evaluates Finovate Fall 2011 Report Card". Retrieved 11 May 2013.
  20. "Filene study examines loan needs of underbanked and minority households - CU Journal". CU Journal. Retrieved 2019-02-28.
  21. "Visa Aims to Strengthen Minority Household Access to Financial Products and Services - BusinessWire". BusinessWire. Retrieved 2019-02-28.
  22. "Filene Plans National Launch of Immigrant Lending Program - CU Times". CU Times. Retrieved 2019-02-28.
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