#634: 5 Ways Filene’s ‘Reaching Minority Households’ Incubator Will Impact CU Communities…

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When we last spoke with Filene Research Institute's Managing Director of Innovation Andrew Downin about the organization's "Reaching Minority Households" incubator project at the 2016 ACUC in Seattle, this particular project was just starting to gain some steam. And now a few months later, it has more than 30 credit unions participating in the five programs credit unions can participate:

1. Community Microfinance Small Business Lending
2. Data Mined Auto Loans
3. Non-Citizen Lending Program
4. Payday Payoff Installment Loans
5. Q-Cash (watch our WSECU’s Ben Morales Talks Purpose Behind Q-Cash Financial for CUs) 

In 18 months of testing/usage at the participating credit unions, Andrew says they will have the "winning" programs viable to become products at CUs nationwide. For more information, visit the Reaching Minority Households page on Filene.

Also, this incubator -- along with many more topics -- will be discussed at Filene's big. bright. minds. 2016 at the University of Wisconsin - Madison, Oct. 25-27, 2016.