#276: 5 Products Anchor Accessible Financial Services Incubator for CUs with Filene's Cynthia Campbell...
Filene Research Institute's Cynthia Campbell is back to provide us with an update on her Accessible Financial Services Incubator she is heading up, thanks to a grant from the Ford Foundation. Cynthia tells us the Incubator has developed five new products for CUs to test and serve low-to-moderate income consumers nationwide. Cynthia outlines each product with their features and benefits to help those who need a hand getting back to on their feet to financial freedom.
Here's a quick overview of the Incubator...
Armed with the largest grant in our history—a $700,000, 30-month grant from the Ford Foundation—we launched an accessible financial services incubator in September 2013. Using credit unions as the proving ground, Filene will test, package, and scale innovative, viable financial products in the incubator to benefit low-and-moderate-income US consumers. At least 25 credit unions and 5,000 US consumers will test five products. And we’ll advance the most promising concepts, with the end goal of large-scale implementation and commercialization of at least one product at a large mainstream financial institution.
Short on time. Watch the trailer below...
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.