MADISON, Wis. (4/1/13)--Filene Research Institute's i3 program is recruiting creative people in North American credit unions to create new products, services, business models and processes that transform the financial lives of consumers.
Thirteen percent of participants in the innovation program end up becoming credit union CEOs, and the future of credit unions depends on its success, Filene said.
"To move credit unions forward and truly improve outcomes for members, communities and the cooperative finance movement, we have to build an environment fertile for creative collisions," said Filene Innovation Director Matt Davis. "A key ingredient to making this happen is making sure bright, creative people with a 'let's roll up our sleeves and get this done' attitude are able to meet, play and build with people like them."
Ideas created in the i3 program have gone on to change state laws, improve the financial lives of millions of consumers, save millions of dollars for credit unions and drive new members to the credit union system, Filene said. More than 20 former i3
ers have been promoted to CEO of a credit union or system organization.
Candidates must be executives at credit unions or credit union service organizations that have not reached the CEO level, but are considered as a leader or future leader in the credit union system. Ten to 15 candidates will be selected for a two-year term, which requires:
Commitment and support of their credit union's CEO or manager to be involved in the program;
Commitment to pilot at least two i3 ideas;
Commitment to attend two national meetings per year and cover the travel costs; and
Participation in regular group work and meetings beyond the national meetings.
Applicants must be employees of credit unions that are Filene members, complete an application form, take an online 100-question behavioral/entrepreneurial assessment and take a short grit [long-term persistence] test. The application process opens May 1 and closes at midnight June 1.
For more information, use the link.