Filene Research Institute

The US economy has been humming along for more than a decade with unemployment at historical lows, but unfortunately those numbers only tell a part of the story. One in five American households has zero or negative wealth making it difficult to affordably borrow, make consistent loan payments and build strong credit. In an effort to help credit unions deliver scalable, cost-effective and impactful lending options to members, Filene partnered with CMFG Ventures this summer to launch the FinTech Catalyst Incubator to identify, test and scale promising concepts that could make a difference by helping credit unions innovate, grow, and lift their members’ financial well-being. Learn more here: https://filene.org/do-something/programs/fintechcatalyst Concepts selected to be tested in the Incubator are tested by a group of up to 12 credit unions of varying asset sizes, locations, and consumer demographics for approximately six months. During this time, participating credit unions will offer their members the new