Nine of the Latest Ideas from Filene i3 (Spring 2013)

Filene i NINE OF THE LATEST IDEAS FROM FILENE i3 IDEAS INNOVATION * IMPLEMENTATION Those are the three components in Filene Research Institute's i³ learning program for credit union executives. Since 2003, the i program has changed state laws, improved millions of financial lives, and saved credit unions countless dollars while attracting an untold number of new credit union members. Here are the nine latest ideas from Filene's i' program. HOMEASE: EASES THE ANXIETY OF HOME FINANCING This web application tracks key milestones for homebuyers during the confusing mortgage process, similar to a popular pizza tracker, helping to reduce mortgage-related call volume from members. CUNITED: MATCH. CONNECT. COLLABORATE. Essentially the "dating website" for credit union leaders looking to collaborate with peers throughout the country, this program matches users based on an algorithm that compares expertise, interest, and willingness. WHEELCHOICE: CUT THE COST. SHARE THE VALUE. A national network that helps credit unions sell repossessed cars directly to dealers, arranges a dealer consignment relationship, and also develops a short-term car sharing program for members. LIVING YOUR LEGACY: ONE MILESTONE AT A TIME This web application provides unbiased, confidential, lifecycle-based insurance information to credit union members who now have access to qualified professionals glad to assist when asked. THE CREDIT UNION WELL-BEING INCENTIVE PROGRAM: THINK GLOBALLY. ACT LOCALLY. ENRICH INDIVIDUALLY.™ This mobile app rewards credit union members who make socially responsible choices, helping to develop a membership base that's less risky, highly aligned with the credit union's mission, and more loyal - all key components in making a credit union more profitable. FUTURE FORWARD An app that shows users the future value of their savings if applied to retirement or existing debt, helping credit union members change their financial habits for the better. MYDIME: MONEY ON YOUR OWN TERMS! A tablet app that allows credit union members a way to choose loan terms on their own and reaches out to the key 18 - 34 demographic, the peak demand group in consumer lending. INTERPLAY: LEARN. PLAY. SERVE. This app makes the workplace fun by utilizing gaming components that give job-related rewards and teaches skills to engage credit union employees, a first step in retaining talented workers and preventing turnover. %24 MOBILE PAYMENTS: VIRTUALIZING VALUE FROM BARTER TO BITS An update to the 2012 i idea Flash Note, an agnostic form of payment that uses existing point-of-sale infrared scanning technology to help credit unions jump from traditional payment types to digital. These are just a handful of the more than 150 ideas developed and tested through Filene i. Find out more at: FILENE.ORG/RESEARCH/13-PROJECTS Filene Research Institute PSCU. Forward. A long-time supporter of i3