With a weakened economy and historically high inflation, more consumers are feeling financially stressed than ever before. It's time for credit unions to focus on improving members' financial health.
This brief provides useful insights into the pressures facing college-bound young adults and their families and how credit unions could benefit from supporting them.
Learn how credit unions can better protect their most vulnerable members through providing supported financial decision-making (SDM) solutions.
Overdraft protection (ODP) programs were originally designed to help members but shifts over the years have moved ODP from supportive to potentially harmful for those who can least afford it. How can credit unions update ODP offerings to re-align them with their mission, value proposition, and business model?
Today's challenging economic environment with higher prices due to inflation continues to put a strain on consumers' ability to save and is weakening the average American's financial health. In our latest Thinking Forward newsletter, Filene experts Taylor Nelms and Caroline Vahrenkamp provide insights on consumer savings trends since the pandemic and how this can impact credit unions in an already highly competitive war for deposits.
What happens when low-wealth individuals have a tremendous amount of community and social capital but don't have a relationship capital with credit unions, lenders, or others within the financial industry?
