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CUs Can Volunteer for New Filene Research Incubator
Thursday, March 3, 2016 6:10 AM

Filene has put out a call for credit unions to participate in an exciting product incubator. This incubator focuses on the question, "how might credit unions better reach minority households." 

The data is clear:  Nearly 50 percent of Hispanic and African-American households are unbanked or underbanked. In an effort to tackle this disparity in the financial services sector, Visa and Filene Research Institute have joined forces to help credit unions expand their reach to underserved households. The program, "Reaching Minority Households” is designed to identify, test and replicate programs serving minority groups in the US and Canada. 

Filene is looking for approximately 50 credit unions to test a handful of promising products over an 18-month timeframe. The incubator's goal is to give credit unions a head start on scaling some promising products for an underserved market segment

Read to learn more about pilot testing? Please visit Filene here