Results Overview of Filene's Center of Excellence for Innovation & Incubation

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The COE for Innovation & Incubation focused on all aspects of innovation across the credit union system. Leaders who innovate became excited about the ability for their efforts to bring efficiency to their operation, utilize the most appropriate technologies and develop new offerings that meet the needs of members and increase the footprint of their credit union. Together we learned how innovation happens, who is leading it, and the outcomes of these efforts. By encouraging credit unions to harness innovation from within, we helped leaders consider the rich history of the cooperative movement and make a positive social impact on their communities. Putting insight into action, this Center supported three collaborative innovation efforts, including FiLab’s Entrepreneurial Ecosystems Incubator, Racial Economic Equity Incubator, and the HBCU Innovation Incubator. All of these efforts reflected our shared vision to use innovation and incubation to support the further development of credit unions. ”