:Filene Research Institute
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{{Infobox company
| name = Filene Research Institute
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| type = Cooperative
| foundation = {{start date|1989}}
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| location_city = Madison, Wisconsin
| location_country = United States
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| key_people = Mark Meyer, president and CEO
Patsy Stewart, chief finance officer and COO
Christie Kimbell, chief experience officer{{cite web|last=Filene Research Institute|title=People|url=https://filene.org/about/our-people|accessdate=26 Feb 2019}}
| industry = Finance
| products = Basic and applied research, product testing and incubation, advisory services, training and education, events and communities{{cite web|last=Filene Research Institute|title=About|url=https://filene.org/about|accessdate=26 Feb 2019}}
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| homepage = [http://filene.org/ filene.org]
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The Filene Research Institute is an American credit union and consumer finance think tank headquartered in Madison, Wisconsin.
History and objective
Founded in 1989,https://filene.org/history "History - Filene Research Institute"{{Cite news|url=https://www.cutimes.com/2009/06/16/filene-research-institute-is-set-to-celebrate-its-20th-birthday/|title=Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times|work=CU Times|access-date=2019-02-28|language=en-US}} 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.{{Cite news|url=https://www.cutimes.com/2009/06/16/filene-research-institute-is-set-to-celebrate-its-20th-birthday/|title=Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times|work=CU Times|access-date=2019-02-28|language=en-US}}{{Cite news|url=https://www.cutimes.com/2006/08/08/hoel-passes-torch-at-filene-after-15-year-run/|title=Hoel Passes Torch at Filene after 15-Year Run - CU Times|work=CU Times|access-date=2019-02-28|language=en-US}}
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.{{Cite news|url=https://www.cutimes.com/2009/06/16/filene-research-institute-is-set-to-celebrate-its-20th-birthday/|title=Filene Research Institute Is Set to Celebrate Its 20th Birthday - CU Times|work=CU Times|access-date=2019-02-28|language=en-US}}
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.{{Cite news|url=https://www.cutimes.com/2004/01/06/filene-launches-new-group-i3/|title=Filene Launches New Group: i3 - CU Times|work=CU Times|access-date=2019-02-28|language=en-US}}
In 2010, the institute established the Cooperative Trust program and community to support credit union young professionals.https://www.cooperativetrust.com/about "About - The Cooperative Trust"{{Cite news|url=https://www.cutimes.com/2017/08/04/crashers-land-a-new-leader/|title=Crashers Land a New Leader - CU Times|work=CU Times|access-date=2019-02-28|language=en-US}} In 2017, the Cooperative Trust was awarded the Herb Wegner Memorial Outstanding Program Award by the National Credit Union Foundation https://www.ncuf.coop/news/press/cooperative-trust-wegner-awards-2017.cmsx {{Webarchive|url=https://web.archive.org/web/20190301135825/https://www.ncuf.coop/news/press/cooperative-trust-wegner-awards-2017.cmsx |date=2019-03-01 }}, "The Cooperative Trust Honored for Professional Development Efforts as 2017 Herb Wegner Memorial Award Winner"
The institute engages several prominent academic researchers, including:
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- Sekou Bermiss{{Cite news|url=https://www.cuinsight.com/press-release/visa-sponsors-filenes-new-research-center-focused-credit-union-talent|title=Visa sponsors Filene's new research center focused on credit union talent - CUInsight|work=CUInsight|access-date=2019-02-28|language=en-US}}
- Dennis Campbell{{Cite news|url=https://www.cuinsight.com/press-release/pscu-sponsors-filene-center-excellence-2|title=PSCU sponsors Filene Center of Excellence - CUInsight|work=CUInsight|access-date=2019-02-28|language=en-US}}
- Robert Hoel
- William E. Jackson
- Jinkook Lee
- Robert D. Manning
- Bill Maurer{{Cite news|url=https://www.cuinsight.com/press-release/filene-selects-bill-maurer-as-emerging-technology-research-fellow|title=Filene selects Bill Maurer as Emerging Technology Research Fellow - CUInsight|work=CUInsight|access-date=2019-02-28|language=en-US}}
- Hayagreeva "Huggy" Rao
- Quinetta Roberson{{Cite news|url=https://www.prnewswire.com/news-releases/filene-launches-new-center-of-excellence-and-welcomes-new-research-fellow-300985853.html|title=Filene Launches New Center of Excellence and Welcomes New Research Fellow|work=PRNewsWire|access-date=2020-03-03|language=en-US}}
- Barbara J. Robles
- J. Edward Russo
- Hope Schau{{Cite news|url=https://news.cuna.org/articles/109599-filene-consumer-research-gets-1m-from-cuna-mutual|title=Filene consumer research gets $1M from CUNA Mutual|work=CUNA|access-date=2019-02-28|language=en-US}}
- Lisa J. Servon{{Cite news|url=https://finance.yahoo.com/news/filene-launches-center-excellence-explore-124500506.html|title=Filene Launches Center of Excellence to Explore Consumers' Changing Financial Lives|work=Yahoo Finance|access-date=2020-03-03|language=en-US}}
- Peter Tufano
- James A. Wilcox
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Partnerships
In early 2012, it partnered with Saveup; a company which rewards fiscal responsibility.{{cite web|author=Myriam DiGiovanni January 20, 2012 • Reprints |url=http://www.cutimes.com/2012/01/20/filene-partners-with-new-savings-rewards-program |title=Filene Partners With New Savings Rewards Program |publisher=Cutimes.com |date=2012-01-20 |accessdate=2012-07-25}}
The institute is a grantee of the Center for Financial Services Innovation.{{cite web|last=Center for Financial Services Innovation|title=Filene Research Institute: CFSI Evaluates Finovate Fall 2011 Report Card|url=http://www.cfsinnovation.com/content/filene-research-institute-cfsi-evaluates-finovate-fall-2011-report-card|accessdate=11 May 2013}}
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.{{Cite news|url=https://www.cujournal.com/news/filene-study-examines-loan-needs-of-underbanked-and-minority-households|title=Filene study examines loan needs of underbanked and minority households - CU Journal|work=CU Journal|access-date=2019-02-28|language=en-US}}{{Cite news|url=https://www.businesswire.com/news/home/20180808005009/en/Visa-Aims-Strengthen-Minority-Household-Access-Financial|title=Visa Aims to Strengthen Minority Household Access to Financial Products and Services - BusinessWire|work=BusinessWire|access-date=2019-02-28|language=en-US}}{{Cite news|url=https://www.cutimes.com/2018/08/08/filene-plans-national-launch-of-immigrant-lending/|title=Filene Plans National Launch of Immigrant Lending Program - CU Times|work=CU Times|access-date=2019-02-28|language=en-US}}
See also
{{Portal|Business and economics}}
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References
{{Reflist}}
External links
- [http://filene.org/ filene.org], the institute's official website
{{Authority control}}
Category:1989 establishments in the United States
Category:Companies based in Madison, Wisconsin
Category:Banks established in 1989
Category:Credit unions based in Wisconsin
Category:Non-profit organizations based in Wisconsin
Category:Political and economic think tanks in the United States