Filene Research Institute

Through independent research and innovation, the Filene Research Institute explores issues vital to the future of credit unions and consumer finance.

Flex.One

Convenience & Savings Rolled into One Account

The Flex.One account is a first mortgage combined into a Home Equity Line of Credit (HELOC) with all the capabilities of a checking account. The member’s entire loan is a line of credit, which allows the balance to be paid down when there is excess savings and withdrawn should those “savings” be needed. It also allows access via ATM, check writing, debit card/POS, ACH, and other features which make a separate checking account unnecessary.

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